The advanced digital manufacturing infrastructure provider, VulcanForms, an MIT-born business, has received $355 million and is now valued at over $1 billion.
Investors in VulcanForms include the Simkins family, Industry Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, and Boston Seed Capital.
The company recently unveiled its first two digital manufacturing facilities, which cover the whole value chain for precision metal components and assemblies, in Devens, Massachusetts, and Newburyport, Massachusetts.
Customers of VulcanForms in crucial sectors are now able to speed innovation and reduce their reliance on foreign manufacturers.
A fleet of 100-kilowatt class laser powder bed fusion additive manufacturing equipment owned by VulcanForms, with a combined laser capacity of over 2 megawatts, powers the VulcanOne plant in Devens.
The automated precision machining and assembly processes are the main emphasis of the Newburyport plant. VulcanForms provides its clients with a ground-breaking, US-based digital manufacturing infrastructure by fusing these technologies with a digital thread.
Manufacturing in the US needs to encourage innovation and long-term economic prosperity.
Every dollar spent on manufacturing adds an extra $2.79 to the US economy, a larger multiplier than any other industry, and manufacturers do approximately 60% of private sector R&D in the US.
Thanks to manufacturing, almost everyone alive today enjoys a higher level of living, a better quality of life, and a longer life expectancy because of manufacturing. Like no other industry, it has fostered innovation.
While salaries and capital investment have mostly remained flat since 1980, manufacturing employment in the US has decreased by almost 40%. Offshoring for decades, which involves moving infrastructure and vital industrial knowledge to other nations, is to blame for this disastrous trend.
This frequently facilitated access to lower-cost labour and increased global trade, but in the end, it drained the domestic innovation ecosystem of its resources. Despite the fact that millions of industrial jobs were lost, supply networks were more responsive to geopolitical events.
Offshored manufacturing does not exist now in its traditional form. Additive manufacturing is one of the digital-first production technologies that enables more creative, resource-efficient, and robust supply chains. VulcanForms is a leader in an integrated manufacturing system that makes it possible for digital technologies to have a large-scale, sustained influence.
Martin C. Feldmann, co-founder, president, and CEO of VulcanForms, states: “By scaling sophisticated digital manufacturing, we can usher in a new age of American invention and economic prosperity.”
A game-changing possibility presents itself when additive manufacturing technology is scaled for industrial production and is seamlessly combined with automated machining and robotics.
The physical infrastructure and digital processes have been developed by VulcanForms to enable the delivery of this full-stack manufacturing solution at previously unheard-of levels of speed, accuracy, quality, and scale.
“Our technologies enable our customers to innovate, grow, and deliver sustainable impact faster,” says our team of engineering and operations leaders from companies like Google, General Electric, Pratt & Whitney, Precision Castparts, IPG Photonics, Faro Technologies, Schlumberger, Alcoa, and Autodesk, among others.
Leading businesses in the aerospace, military, medical, semiconductor, and other crucial areas are among VulcanForms’ clients. For instance, the business has provided thousands of semiconductor industry components, is fostering innovation in medical implants, and supports more than a dozen US Department of Defense projects, such as the F35 Joint Strike Fighter and Patriot Air Defense System.
VulcanForms’ integrated approach combines its ground-breaking technology with a data- and simulation-based digital thread, operational excellence, and allows its customers to innovate more quickly and produce more without having to make significant capital investments or start from scratch with new manufacturing technologies.
John Hart, Professor of Mechanical Engineering at MIT and co-founder of VulcanForms, says: “VulcanForms introduces metal additive manufacturing as a scalable industrial process and as a cornerstone of ground-breaking digital production systems.”
The manufacturing industry will attract top talent thanks to integrated digital production facilities, which are essential infrastructure that will speed up local and international innovation.
In order to achieve the greatest degree of quality and accuracy, the VulcanOne facility in Devens, Massachusetts combines VulcanForms’ exclusive AM technology with a digital thread that includes sophisticated simulation, in-process sensors, and machine learning algorithms.
In all, a fleet of 100-kilowatt class laser printing equipment from VulcanForms will power VulcanOne, providing 2 megawatts of laser power, more than $100 million in capital expenditure, and more than 100 new manufacturing jobs nearby. Additionally, VulcanForms effortlessly combines large-scale additive manufacturing with heat treatment, fine-tuning, assembly, and inspection.
In order to do this, the business acquired the Newburyport, Massachusetts-based Arwood Machine Corporation, thereby enhancing its capabilities. VulcanForms can offer designed components and assemblies using this end-to-end strategy by creating and running a digitally first process chain that is specific to the requirements of each client.
“There is a fundamental change in the ways manufacturers need to react to global supply chain difficulties and the growing need for product design flexibility,” says Greg Reichow, partner at Eclipse Ventures and director of VulcanForms.
“VulcanForms’ complete stack strategy to create an engineered solution, integrating cutting-edge additive and subtractive technologies, combined via a digital thread, will resurrect US manufacturing and hardware innovation,” says the company.
“For decades to come, the technology that enables this rapid process will have a significant effect on how goods are conceptualised, developed, constructed, and delivered.”