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 ($)
—Apr 2021
$74.0MApr 2024
$74.0MFeb 2022
$74.0MJan 2017
$74.0MJul 2019
$74.0MSep 2023
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
Photos & Videos
No files yet
Magnus Metal Business
Business models
B2G, B2B
Product stage
R&D
Employees
51-200
Sector
Industrial TechnologiesManufacturing Processes & SystemsClimate TechClean Industry Tech Eco-Efficient ManufacturingTarget Customer
Industrial ManufacturingHybrid IndustriesMiningDiscrete IndustriesAutomotiveDefenseCore Technology
—Tags (6)
miningclimate-techadditive-manufacturingautomotivedefenseindustry-4.0Magnus Metal Financials
$74M
Total funding
Undisclosed
Capital raised
$74M
Last funding
B
Funding stage
6
Total rounds
12
Investors
Cumulative Funding Raised Over Time ($)
—Apr 2021
$74.0MApr 2024
$74.0MFeb 2022
$74.0MJan 2017
$74.0MJul 2019
$74.0MSep 2023
Private Equity Funding
B Round
Apr 2024
$74M
Entrée Capital (Lead), Target Global (Lead)
,
Tal Ventures, Discount Capital, Next Gear Ventures, Cresson Management, Deep Insight, LIP Ventures, Awz Ventures, Lumir Ventures
B Round
Sep 2023
Undisclosed
Deep Insight, Lumir Ventures, Entrée Capital, Tal Ventures
SAFE
Feb 2022
Undisclosed
Tal Ventures
A Round
Apr 2021
Undisclosed
Entrée Capital (Lead)
,
Teramips Technologies, GlenRock Group, Tal Ventures
Seed
Jul 2019
Undisclosed
Entrée Capital (Lead)
Pre-Seed
Jan 2017
Undisclosed
Next Gear Ventures, Entrée Capital
Magnus Metal Lifecycle
Cumulative Funding Raised Over Time
—Apr 2021
$74.0MApr 2024
$74.0MFeb 2022
$74.0MJan 2017
$74.0MJul 2019
$74.0MSep 2023
All Events
B Round
Apr 2024
$74M
Entrée Capital (Lead), Target Global (Lead)
,
Tal Ventures, Discount Capital, Next Gear Ventures, Cresson Management, Deep Insight, LIP Ventures, Awz Ventures, Lumir Ventures
B Round
Sep 2023
Undisclosed
Deep Insight, Lumir Ventures, Entrée Capital, Tal Ventures
SAFE
Feb 2022
Undisclosed
Tal Ventures
A Round
Apr 2021
Undisclosed
Entrée Capital (Lead)
,
Teramips Technologies, GlenRock Group, Tal Ventures
Seed
Jul 2019
Undisclosed
Entrée Capital (Lead)
Pre-Seed
Jan 2017
Undisclosed
Next Gear Ventures, Entrée Capital
Magnus Metal News
2 articles
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
Magnus Metal Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 82 |
| Team members | 4 |
Similar Companies
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Magnus Metal Internal
Recent Updates
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Admin Info
| Confidence | 97/100 |
| Missing | video or image, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515708741 |
| Crunchbase | magnusmetal |
| Creator | Yamila Silbert |
| Creator email | yamila.urwicz@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-10-28T00:00:00.000Z |
| Created | 2017-07-16T00:00:00.000Z |
| Claimed | Yes |