VulcanForms Valuation, Funding & Investors

VulcanForms is valued at $1B as of July 2022.

Last VulcanForms valuation

$1B

Series C · Jul 2022

Last VulcanForms funding round

$220M

Series D · Jan 2026

Cumulative funding VulcanForms raised

$575M

across 6 funding rounds

Key investors in VulcanForms

  • Eclipse Ventures
  • Fontinalis Partners
  • Atlas Innovate
  • Industry Ventures
  • Boston Seed Capital
  • D1 Capital Partners

VulcanForms Overview

About VulcanForms

VulcanForms is a Burlington-headquartered digital foundry that operates a 100,000-square-foot additive manufacturing facility using proprietary multi-laser metal 3D printing. Established in 2015, it produces complex parts for aerospace, defense, and medical sectors, serving clients like GE Aviation with production rates up to 80 kg per hour per machine.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1B (Jul 2022)

VulcanForms Valuation

VulcanForms is currently valued at $1B, based on its Series C in July 2022.

The $250M round was led by D1 Capital Partners, with participation from Stata Venture Partners (SVP), Eclipse Ventures, Industry Ventures, Simkins Family Foundation, Fontinalis Partners and 2 other investors.

VulcanForms valuation by funding round

VulcanForms valuation by funding round
DateStageValuation
Jul 2022Series C$1B

VulcanForms Funding History

VulcanForms has raised a total of $575M across 6 funding rounds.

VulcanForms' first fundraising round was a $2M seed round in June 2017. The most recent completed round was a $220M Series D in January 2026.

VulcanForms funding rounds

VulcanForms funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2026Series D1789 Capital (lead); Eclipse Ventures (lead); Fontinalis Partners; Washington Harbour Partners; IEQ Capital$220M-VulcanForms is a U.S.-based company developing the first fully integrated digital metal manufacturing platform, combining advanced metal additive manufacturing (3D printing), precision machining, automation, inspection, and proprietary AI-enabled software into a single end-to-end workflow to produce next-generation metal products with reduced complexity, waste, lower costs, and secure domestic supply chains. The company positions itself as an American advanced manufacturing leader, focusing on high-power 3D printing systems and consolidated supply chains to serve large market segments like medical devices, defense technology, and consumer electronics, aiming to onshore production of mission-critical components with superior speed, precision, and scale. On January 30, 2026, VulcanForms closed an oversubscribed $220 million Series D financing round led by Eclipse Ventures and 1789 Capital, with participation from Washington Harbour Partners, Fontinalis Partners, IEQ Capital, and others. This follows a prior 2022 round where the company raised over $350 million. The new capital will accelerate capacity expansion, including finishing the build-out of its Vulcan One facility, advancing technology roadmaps and R&D to expand materials portfolio, scaling U.S.-based manufacturing footprint with additional digitally integrated production facilities, growing the workforce, and meeting surging demand amid geopolitical tensions, trade disruptions, and industrial policy shifts. Demand for VulcanForms' platform accelerated in 2025, leading to several large commercial agreements across key sectors, with production shipments expected to begin in the second half of 2026. CEO Kevin Kassekert, formerly of Tesla and Redwood Materials, emphasizes competing with global production at scale. Investors highlight VulcanForms' role in revitalizing U.S. industrial strength, restoring high-skilled jobs, and reducing foreign supplier dependence, with Eclipse noting proven delivery of real industrial output and 1789 Capital focusing on the Entrepreneurship, Innovation & Growth economy.
Jul 2022Series CD1 Capital Partners (lead); Stata Venture Partners (SVP); Eclipse Ventures; Industry Ventures; Simkins Family Foundation; Fontinalis Partners; Boston Seed Capital; Atlas Innovate$250M$1BVulcanForms is an MIT-born company founded in 2015 that builds and operates advanced digital manufacturing infrastructure, specializing in industrially scalable laser metal additive manufacturing (AM) solutions. It provides precision engineered components and assemblies to leading defense, aerospace, medical, and semiconductor companies through integrated digital production systems combining proprietary AM technology, advanced simulation, in-process sensing, machine learning, precision machining, automation, and inspection. In June/July 2022, VulcanForms announced a capital raise of $355 million across Series C and D rounds, achieving a valuation over $1 billion, with investors including D1 Capital Partners, Industry Ventures, Eclipse Ventures, Stata Venture Partners (SVP), Fontinalis Partners, Atlas Innovate, Boston Seed Capital, Standard Investments, and the Simkins Family Foundation. A specific $206 million portion of Series C&D was led by D1 Capital Partners and Industry Ventures. The funding supports acceleration of commercialization, expansion of customer base, scaling of production facilities in Devens and Newburyport, MA (including the VulcanOne facility with 2 megawatts of laser power and over $100M capital investment), creation of over 100 manufacturing jobs, and technology roadmap execution. At the time, VulcanForms had grown to over 300 employees, attracting talent from Google, General Electric, Pratt & Whitney, Precision Castparts, IPG Photonics, Faro Technologies, Schlumberger, Alcoa, and Autodesk. The company focuses on revolutionizing industrial manufacturing for efficiency, sustainability, and precision, targeting aerospace, automotive, defense, medical devices, consumer products, and industrial segments with multi-billion dollar commercial programs. Subsequent funding included an oversubscribed $220 million round led by Eclipse Ventures and 1789 Capital to further expand domestic production capacity and R&D.
May 2020Series BEclipse Ventures (lead); Fontinalis Partners; Boston Seed Capital; Atlas Innovate$77M--
May 2019Series AFontinalis Partners (lead)$5M--
Dec 2018Series AEclipse Ventures (lead); Industry Ventures; Fontinalis Partners; Atlas Innovate$21M--
Jun 2017SeedEclipse Ventures (lead)$2M--

Who has invested in VulcanForms?

11 investors have backed VulcanForms across its funding rounds, including Eclipse Ventures, Fontinalis Partners, Atlas Innovate, Industry Ventures, Boston Seed Capital and D1 Capital Partners.

Lead investors include 1789 Capital, Eclipse Ventures, D1 Capital Partners and Fontinalis Partners.


VulcanForms Investors

Investors in VulcanForms by funding rounds participated
InvestorHQRoundsRoleFirst check
Eclipse VenturesUnited StatesSan Francisco, CA5LeadJun 2017
Fontinalis PartnersUnited StatesDetroit, MI5LeadDec 2018
Atlas InnovateUnited StatesNew York City, NY3ParticipantDec 2018
Industry VenturesUnited StatesSan Francisco, CA2ParticipantDec 2018
Boston Seed CapitalUnited StatesBoston, MA2ParticipantMay 2020
Stata Venture Partners (SVP)United StatesBoston, MA1ParticipantJul 2022
Simkins Family FoundationUnited StatesOrlando, FL1ParticipantJul 2022
Washington Harbour PartnersUnited StatesUnited States1ParticipantJan 2026
D1 Capital PartnersUnited StatesNew York City, NY1LeadJul 2022

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VulcanForms Competitors

VulcanForms competitors include listed companies like Kodiak AI and Stratasys, and private ones like SendCutSend, RADAR, Snapmaker and Square Robot.

Public and private companies comparable to VulcanForms
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SendCutSendUnited StatesReno, NVPrivate$200M-$1B5.0x
RADARUnited StatesNew York City, NYPrivate--$1B-
SnapmakerChinaGuangdongPrivate--$883M-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
StratasysUnited StatesUnited StatesPublicly listed$551M($29M)$700M0.9x
Square RobotUnited StatesBoston, MAPrivate--$1.4B-

VulcanForms Public Comps

VulcanForms is still privately-owned, but its public comps include SEER Robotics, Neo Performance Materials, Daejoo Electronic, Cosmo Advanced Materials, SK Ie Technology, Mersen, Intelbras, Afcon Holdings, Morgan Advanced Materials and Red Cat Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SEER Robotics$66M($6M)13.2x-(156.2x)-
Neo Performance Materials$479M$22M2.2x1.7x48.7x7.8x
Daejoo Electronic$185M$34M6.3x4.6x34.0x34.2x
Cosmo Advanced Materials$332M$14M3.1x3.4x75.6x90.8x
SK Ie Technology$191M($116M)10.5x14.2x(17.3x)(31.0x)
Mersen$1.4B$154M1.1x1.1x9.9x6.7x
Intelbras$867M$131M1.0x1.0x6.5x7.1x
Afcon Holdings$555M$57M2.2x-21.5x-

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Common questions about VulcanForms

When was VulcanForms founded?VulcanForms was founded in 2015.
Where is VulcanForms headquartered?VulcanForms is headquartered in United States.
Is VulcanForms publicly listed?No, VulcanForms is a private, VC-backed company.
What is VulcanForms' valuation?VulcanForms was last valued at $1B in its Series C in July 2022.
How much funding has VulcanForms raised?VulcanForms has raised $575M across 6 funding rounds.
What was VulcanForms' last funding round?VulcanForms' last funding round was a $220M Series D in January 2026, led by 1789 Capital and Eclipse Ventures.
Who are VulcanForms' investors?VulcanForms' investors include Eclipse Ventures, Fontinalis Partners, Atlas Innovate, Industry Ventures, Boston Seed Capital, Stata Venture Partners (SVP), Simkins Family Foundation, Washington Harbour Partners, D1 Capital Partners, 1789 Capital and 1 other.
Which companies are comparable to VulcanForms?Companies comparable to VulcanForms include SendCutSend, RADAR, Snapmaker, Kodiak AI, Stratasys and Square Robot.

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