Foundation Alloy, a Boston, MA-based new metal manufacturing startup, raised $7.5M in funding.
Backers included Alumni Ventures, Americaās Frontier Fund, Engine Ventures, El Cap, Material Impact, and Yamaha Motor Ventures.
The company intends to use the funds to expand operations and its development efforts.
Established in 2022, and led by CEO Jake Guglin, Foundation Alloy provides net-zero metals that enable manufacturing across the energy, aerospace, automotive, and defense industries. Spun out of MIT, Foundation Alloy has developed a process that turns raw materials into finished products using a proprietary powder-based method.
The company is now piloting its proprietary alloys with leading customers in aerospace, defense, energy, and advanced manufacturing. Early customers came across the U.S., Japan, Germany, Switzerland, and Canada.
FinSMEs
10/05/2025