Fortius Metals funding round totals $5 million to bring next-gen wire to market
October 10, 2024
Fortius Metals, headquartered in Lafayette, Colorado, USA, has announced the successful closure of an additional $2 million in their Seed+ funding, bringing the total raised in the financing round to $5 million. The round includes the addition of new strategic investor Finindus, who joined after receiving clearance from the Committee on Foreign Investment in the United States (CFIUS). Previous investors include 412 Venture Fund, AM Ventures, and M7 Holdings.
Fortius Metals specialises in next-generation wire alloys for large-format Direct Energy Deposition Additive Manufacturing and robotic welding. The company’s patented technology produces high-performance metal alloys that meet the rigorous requirements of aerospace and defence customers. Fortius customers and partners include the US Army, Navy, Air Force, and NASA, as well as several defence primes and commercial space companies.
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“Fortius Metals has received broad interest from customers and this investment helps bring new products to market, such as our proprietary 6061-RAM2 and 7075-RAM2 aluminium welding wires that solves traditional “hot cracking” problems,” said Jeff Lints, Fortius CEO. “We are helping our customers print designs using our robotic welding process expertise that were previously impossible. In 2025, the company looks forward to launching new wire alloys with advanced properties like IN625-RAM, 316LRAM, and 5183-RAM. We are proud to be a Colorado company along with many of our space and defence customers.”
The proprietary alloys developed by Fortius Metals reportedly offer up to twice the strength of current commercial solutions used in welding and Additive Manufacturing. This provides customers with significant advantages in terms of design performance, product quality, and weight reduction. The company also offers robotic welding process expertise and proprietary predictive toolpaths that deliver dimensional accuracy, helping customers bring innovative designs to life with unmatched precision. The additional capital will help to accelerate these developments and enable Fortius to meet the timelines of customers who are eager to adopt this technology.
“Fortius Metals is pushing the boundaries of wire-based Additive Manufacturing with their unique materials and process expertise. We are excited to support their mission to revolutionise the production of large and complex parts without compromising material performance. This partnership aligns perfectly with our commitment to fostering innovative and sustainable industrial technologies”, stated Roel Callebaut, Senior Investment Manager at Finindus.
