Magnus Metal has developed a "digital casting" process that slices designs into layers and creates ceramic forms 4–20 mm thick into which molten metal is dripped and built up layer by layer. Each new layer melts the previous one to bond material and allow impurities to float out, yielding parts the company says have fewer defects and are 10%–20% stronger than traditionally cast parts. The system is positioned as faster than 3D printing, able to use customer-specified materials, and its ceramic bases can be reused for a finite number of parts. Magnus says the approach removes the need for expensive tooling used in sand casting, making lower-volume, complex parts more cost-effective while acknowledging simple parts will still favor sand casting. The company plans to sell both machines and proprietary ceramic feedstock, targeting $500,000 to $1 million of recurring revenue per machine. Magnus Metal has raised a $74 million Series B to support industrialization this year and to begin beta testing at the start of next year.

Total raised

$74M

Funding rounds

1

Latest round

Series B

Latest activity

Apr 2024