Magnus Metal Overview
Magnus Metal is is developing a new "Digital Casting" process for the manufacturing of large metal parts. This process involves additive casting technology using a fully digital process, which enables high-volume production of large, complex load-bearing components. The company's focus is on achieving multi-alloy integration in the same part, full alloy thermal arrest control, dimensional accuracy, and simplification of steel casting for various applications such as vehicles, power-train and engine assemblies, and industrial and tooling applications
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Magnus Metal raises $74 million Series B to digitize metal casting | CTech
Magnus Metal, a company innovating the metal casting industry with an Industry 4.0 based fully automatic manufacturing solution, has raised $74 million in Series B funding. The round was co-led by Entrée Capital and Target Global, with participation from several other investors. The funds will be used to further develop its casting technologies and expand its operations to support its Fortune 100 customers. The companys technology allows up to 1 ton of solid metals to be manufactured in a fully controlled environment, reducing the time, material, and manpower required.
InvestmentExpand
growth-positive
Magnus Metal wins 1st place in the US Army XTech competition - Entrée Capital
Magnus Metal has been announced as the first-place winner of the third annual international prize competition by the U.S. Army xTech Program. The program searches globally for the latest innovations from companies outside the U.S., with the aim of equipping the American Soldier with technologies capable of overcoming Army challenges.
Customers
| Sector | Industrial Technologies |
Funding
| Total funding | $74M |
| Last funding | $74M |
| Stage | B |
| Rounds | 6 |
| Investors | 12 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | magnusmetal.com |
| Careers | Careers page |
Locations
Tsor'a, Israel
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