Foundation Alloy, a Boston, MA-based new metallic manufacturing startup, raised $7.5M in funding.
Backers included Alumni Ventures, America’s Frontier Fund, Engine Ventures, El Cap, Materials Influence, and Yamaha Motor Ventures.
The corporate intends to make use of the funds to increase operations and its growth efforts.
Established in 2022, and led by CEO Jake Guglin, Basis Alloy offers net-zero metals that allow manufacturing throughout the power, aerospace, automotive, and protection industries. Spun out of MIT, Basis Alloy has developed a course of that turns uncooked supplies into completed merchandise utilizing a proprietary powder-based technique.
The corporate is now piloting its proprietary alloys with main clients in aerospace, protection, power, and superior manufacturing. Early clients got here throughout the U.S., Japan, Germany, Switzerland, and Canada.
FinSMEs
10/05/2025
