Magnus Metal

Company Overview

Snapshot

Founded in August 2017 by Boaz Vinogradov, Moshe Frenkel, and Gil Lavi, Magnus Metal operates with 51–200 employees. The company has raised $74 million across six funding rounds from 12 investors. In April 2024, Magnus Metal secured its latest funding round, with Entrée Capital.

Business overview

Magnus Metal is developing a novel "Digital Casting" process for manufacturing large metal parts, focusing on additive casting technology. This fully digital process facilitates high-volume production of complex, load-bearing components. The company's technology enables multi-alloy integration, thermal arrest control, and dimensional accuracy, simplifying steel casting for applications in vehicles, power-train and engine assemblies, and industrial and tooling sectors. Magnus Metal operates within the Industrial Technologies sector, specifically targeting industrial manufacturing, mining, automotive, and defense industries.

Strategic signal

In April 2024, Magnus Metal successfully raised $74 million in a Series B funding round. This significant capital injection validates investor confidence in its Digital Casting technology and its potential to revolutionize metal manufacturing by enabling high-volume production of complex parts with reduced material usage. The funding signals a strong growth trajectory and an accelerated path towards broader market adoption in industrial and climate tech sectors.

Company Intelligence Q&A

What is Magnus Metal's core technology?

Magnus Metal develops a "Digital Casting" process that utilizes additive casting technology for the high-volume production of large, complex metal parts. This process allows for multi-alloy integration, thermal arrest control, and dimensional accuracy.

When did Magnus Metal last raise funding?

In April 2024, Magnus Metal completed a Series B funding round, raising $74 million. Entrée Capital and Target Global were lead investors in this round.

What is the environmental impact of Magnus Metal's technology?

Magnus Metal's Digital Casting technology significantly reduces raw material consumption by 40-60% compared to traditional casting methods, contributing to resource conservation and decreasing the environmental footprint of metal production.

Which industries does Magnus Metal serve?

Magnus Metal's technology is applicable across various industries, including automotive, defense, and general industrial and tooling applications, particularly for components like vehicle parts, power-train, and engine assemblies.

Has Magnus Metal received any recent industry recognition?

In June 2023, Magnus Metal won first place in the US Army XTech competition, highlighting the innovative potential and strategic relevance of its digital casting technology.