VulcanForms has agreed to $500 million in financing led by J.P. Morgan and funds managed by Apollo. The Boston-based company uses digital manufacturing to produce complex metal components. It plans to build three new factories to meet customer demand.
Financing details
The financing will speed the company's manufacturing expansion. It will also support further integration of physical AI into its platform. The deal is part of JPMorganChase's Security and Resiliency Initiative.
Company footprint
VulcanForms already operates sites in Devens and Newburyport, Massachusetts. It has secured multibillion-dollar commercial programs across medical devices, consumer products, aerospace, defense, space, and industrial markets. The new factories will expand its US production footprint.
What the platform does
The company combines metal additive manufacturing, precision machining, automation, and physical AI. This platform unifies production steps that are often fragmented. It aims to make complex, high-performance components at commercial scale.
VulcanForms will add the new facilities to its three existing sites. This will bring its US manufacturing footprint to six locations. The expansion supports growing customer demand across medical, aerospace, defense, space, and industrial markets.