AM startup Fortius Metals raises $1.4 million in pre-seed funding
Metal Additive Manufacturing startup Fortius Metals, Inc, headquartered in Boulder, Colorado, USA, has raised $1.4 million in pre-seed funding, according to a Form D filed with the US Securities and Exchange Commission, reports Daily Camera/BizWest.
Fortius which was incorporated on June 21, is a spinout of Elementum 3D, Erie, Pennsylvania, USA, and states that it will offer what the company refers to as ‘reactive Additive Manufacturing’ to help deliver products for the aerospace, automotive and defence industries, that were said to not be previously possible with robotic AM. Fortius is said to be focusing on aluminium.
Jeff Lints, CEO of Fortius Metal, stated, “It introduces new components into the metallurgy that dramatically improve its grain structure. It’s stronger, so it allows for the fabrication of lighter products.”
Fortius currently has two employees and is in the process of hiring engineers and seeking commercial facilities to lease. The company notes that it will immediately transition into a seed round, which its hopes to complete by the end of 2021.
