3D printing startup VulcanForms raises $220 million for US manufacturing. Takeaways by Bloomberg AI. * VulcanForms Inc. has raised $220 million in a funding round led by Eclipse and 1789 Capital. * The company uses additive manufacturing to create US-made metal parts for industries including health care, aerospace and defense. * VulcanForms plans to use the funding to add factory capacity, including finishing two facilities in the Boston area and beginning operations at a third in July. Metal parts maker VulcanForms Inc. has raised $220 million in a funding round led by Eclipse and 1789 Capital, the VC firm where Donald Trump Jr. is a partner. The startup sells parts to businesses in industries including health care, aerospace and defense, placing an emphasis on creating US-made products. The company uses a process called additive manufacturing, commonly known as 3D printing, and primarily works with titanium-nickel alloy material. VulcanForms is among a wave of startups seeking to capitalize on investor and political momentum to bring manufacturing capacity back to the US. It's still not "immediately" possible to cut China out of the supply chain for metals, including titanium, Chief Executive Officer Kevin Kassekert said in an interview with Bloomberg TV. But Kassekert, a former executive at Tesla Inc. and Redwood Materials Inc., said that reusing materials can help. "There's a lot of material in circulation and our technology will allow for refining and recycling of that and putting it back into the circular supply chain," he said. In addition to Eclipse and 1789, other participants in the Series D funding round included Washington Harbour, Fontinalis Partners and IEQ Capital. The company declined to disclose its valuation. It previously raised $250 million in 2021. VulcanForms plans to use the fresh funding to add factory capacity. It's working to finish two facilities in the Boston area, and plans to begin operations at a third in July. The company is also evaluating locations for a fourth factory somewhere in the continental US. Eclipse partner Greg Reichow said US reshoring efforts are in a "liftoff moment," with a number of companies scaling up their operations. "There is really such a large demand right now for how we go solve some of our physical industries," Reichow said.

VulcanForms lands $220m to scale digital metal production across critical U.S. industries. VulcanForms just raised $220M to scale its U.S.-based metal manufacturing platform. Find out what it means for reshoring, defense, and industry supply chains. VulcanForms Inc. has secured $220 million in Series D financing to expand its fully integrated digital metal manufacturing platform in the United States, with Eclipse and 1789 Capital leading the round. The move signals intensifying demand for secure, domestic supply chains across aerospace, defense, healthcare, and other critical industries. Why is VulcanForms' fully integrated U.S. metal manufacturing platform attracting large-scale investor capital now? VulcanForms Inc. is pitching more than just next-generation 3D printing. By closing a $220 million Series D round led by Eclipse and 1789 Capital - with participation from Washington Harbour, Fontinalis, and IEQ Capital - the Massachusetts-based company is offering investors a scalable alternative to the globally fragmented metal manufacturing supply chain. The announcement comes as American industrial strategy tilts aggressively toward onshoring, and institutional capital increasingly seeks bets that align with strategic national security, additive manufacturing, and AI-driven industrial automation. The funding round validates investor confidence not only in VulcanForms' technology but in its vertically integrated manufacturing model. Unlike traditional contract manufacturers, VulcanForms unifies metal additive manufacturing, precision machining, automation, inspection, and proprietary software within a single U.S.-based production environment. This end-to-end integration is designed to compress handoffs, reduce waste, eliminate dependency on foreign vendors, and accelerate the production of mission-critical parts across sectors ranging from aerospace to medical devices. More importantly, the round arrives at a time when U.S. policymakers and defense stakeholders are aggressively prioritizing secure and sovereign supply chains, particularly in metal components for aerospace, semiconductor equipment, and defense systems. VulcanForms appears to be among a handful of commercial entities that can credibly scale to meet these demands without relying on offshore contract manufacturing or legacy industrial infrastructure. How does VulcanForms differentiate from traditional additive manufacturing or contract manufacturing models? The core differentiator is consolidation. VulcanForms' platform is engineered to absorb the entire metal part production process - 3D printing, subtractive machining, inspection, and AI-driven optimization - under one roof. Most competitors, even those in the additive manufacturing space, operate across fragmented ecosystems, outsourcing machining or inspection and relying on multi-vendor, multi-country workflows. In contrast, VulcanForms offers a vertically integrated digital foundry that functions more like a modern semiconductor fab than a job shop. This allows for control over tolerances, yield, materials science, and throughput - all of which matter deeply in industries like aerospace and medical where failure is not an option. The company's proprietary AI-enabled production software ensures repeatability and throughput optimization at scale, which historically has been a limitation for additive metal manufacturing. The result: production-grade parts manufactured with fewer steps, faster turnaround, and lower system-level costs. This approach is especially compelling to large OEMs looking to derisk their supply chains without sacrificing quality or scale. What sectors are already adopting VulcanForms' platform at industrial scale? VulcanForms claims to have secured large-scale commercial contracts across aerospace, defense, healthcare, consumer electronics, and industrial tooling verticals. These engagements signal that its platform has graduated from prototyping and pilot runs to full-fledged production. For example, the company has been tapped to produce flight-critical components and surgical tools, both of which demand stringent performance, regulatory, and traceability standards. This traction is noteworthy in a segment where many metal 3D printing companies are still caught in the "low-volume prototype trap," unable to deliver cost-competitive unit economics at industrial volumes. VulcanForms' ability to move past this bottleneck has helped it become a serious player in reshoring narratives and made it attractive to policy-aligned venture capital such as 1789 Capital, which has a stated mandate to fund projects that reinforce U.S. industrial resilience. Why does this funding round matter for the broader U.S. manufacturing ecosystem? The Series D is not just a tech milestone - it's a strategic signal. As U.S. manufacturing policy shifts from rhetoric to industrial execution, companies like VulcanForms are seen as the execution layer capable of delivering on national imperatives like reshoring, defense industrial base reinforcement, and workforce reindustrialization. The timing is also critical. With global trade fragmentation, China - U.S. tension, and disruptions in logistics and rare earth supply, OEMs and government contractors are actively looking for suppliers that can operate domestically, securely, and at speed. VulcanForms fits this demand and, importantly, offers performance metrics that align with production - not just prototyping - expectations. Furthermore, its business model aligns with public-sector industrial grants and private-sector demand, placing it in the sweet spot to benefit from policy tailwinds and enterprise spending alike. What are the risks to VulcanForms' growth despite the strong capital inflow? Execution risk remains high. Scaling integrated digital factories is capital-intensive and technologically complex. VulcanForms will need to balance capital deployment between facility expansion, materials R&D, software development, and workforce training. Each of these streams carries its own risk profile. In addition, the competitive landscape is shifting. Players like GE Additive, Desktop Metal, and Markforged are also targeting high-value applications in metal manufacturing, though most do not yet offer VulcanForms' level of vertical integration. However, these competitors are also adjusting their go-to-market strategies and could close the integration gap via M&A or strategic alliances. Finally, customer retention and certification timelines in sectors like defense and medical remain long and uncertain. Any hiccup in delivery, tolerances, or compliance could affect long-term contracts and blunt scale-up momentum. How are investors viewing this development and what could it signal for future funding in industrial AI and manufacturing? Investor sentiment around VulcanForms is overwhelmingly constructive. The company's focus on physical infrastructure and sovereign production capacity appeals to venture and growth funds aligned with real-economy impact. The participation of Eclipse, a $5 billion firm known for deep-tech and industrial AI bets, reinforces that capital markets are again warming to manufacturing platforms that merge hardware, software, and automation. Moreover, VulcanForms' position at the intersection of AI-driven process optimization and national industrial strategy gives it exposure to multiple capital streams: defense tech funding, reshoring-linked grants, venture-led infrastructure financing, and long-tail OEM supply contracts. This raise could also catalyze capital flows into similarly structured manufacturing startups that emphasize end-to-end integration and policy relevance. It also puts pressure on legacy players to rethink their fragmentation-heavy operating models, or risk losing relevance as the U.S. manufacturing narrative becomes increasingly consolidated and strategic. What does VulcanForms' $220 million Series D mean for U.S. manufacturing, competitors, and reshoring strategy? * VulcanForms has raised $220 million in Series D funding to expand its fully integrated U.S.-based digital metal manufacturing platform. * Investors include Eclipse and 1789 Capital, signaling strong alignment with national industrial policy and reshoring goals. * The company consolidates additive manufacturing, machining, automation, and software into one domestic production system. * Customers span aerospace, defense, healthcare, and consumer sectors, indicating scaled, real-world adoption. * VulcanForms positions itself as a viable domestic alternative to fragmented and offshore-dependent metal manufacturing supply chains. * The raise strengthens VulcanForms' technology roadmap, capacity expansion plans, and proprietary materials science portfolio. * Execution risk remains high given capital intensity, certification timelines, and competition from more established players. * The raise reflects broader investor interest in industrial AI and sovereign production platforms amid geopolitical supply chain realignment. * Competitors may be forced to pursue vertical integration or strategic partnerships to stay relevant in reshoring-focused procurement cycles. * This funding event signals a shift in manufacturing narratives - from prototype tech to production-grade industrial capacity inside the U.S.

VulcanForms, a Massachusetts-based digital metal manufacturing startup, has raised $220 million in an oversubscribed Series D round led by Eclipse and 1789 Capital. Washington Harbour, Fontinalis and IEQ Capital also participated. The company operates the first fully integrated digital metal manufacturing platform in the United States, combining metal additive manufacturing, precision machining, automation and AI-enabled software into a single workflow. This approach consolidates fragmented supply chains, reducing complexity and waste whilst enabling domestic production at scale. VulcanForms has secured multi-billion commercial programmes across medical devices, consumer products, aerospace, defence and industrial sectors. The funding will support capacity expansion, technology development and materials portfolio advancement as demand grows for secure domestic manufacturing amid geopolitical tensions and trade disruption.