Foundation Alloy Raises $22M in Series A Funding Led by Voyager Ventures

The round also saw participation from Trust Ventures, Yamaha Motor Ventures, America’s Frontier Fund, Overlap Holdings, Material Impact, Engine Ventures, and El Cap. Kanematsu Corporation, a global Japanese trading house, made an additional investment.

The funding will help Foundation Alloy grow from a technology developer into a full-scale industrial supplier. This summer the company plans to open a new 36,000 square foot facility in Massachusetts, add another production unit with Re: Build Manufacturing in southern New Hampshire, and expand its workforce across production, engineering and commercial teams.

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Engineering alloys are essential materials used in advanced products such as jet engines, rockets, energy systems, chefs knives, and luxury watches. However, the manufacturing process for these alloys has changed very little over the past several decades. Traditional production methods are often slow, energy intensive and are reaching their limits in terms of performance improvements.

These challenges are creating supply chain problems across industries. In the defense sector some critical metal components can take up to 900 days to deliver, delaying aircraft maintenance and limiting efforts to replenish defense inventories. As demand for advanced technologies grows both material performance and supply availability have become major concerns.

Foundation Alloy’s MetalsFIRST platform uses a fully integrated, solid-state manufacturing process that designs, forms, and produces advanced alloys without melting the metal. This approach allows for faster production, simpler manufacturing, lower costs, and the creation of alloy materials that cannot be made using traditional methods.

The company’s specialty and stainless steels are built for high-performance applications while requiring significantly fewer production steps. Its Molyclast® product line, including the MC1200 alloy, offers more than three times the strength of conventional molybdenum products, providing improved performance and manufacturing efficiency for demanding industrial uses.

"Aerospace, defense, energy, and precision manufacturing need alloys that are stronger, cheaper, and faster to produce than anything available today. Foundation Alloy delivers this leap forward with metals engineered at the atomic level through its MetalsFIRST platform. Voyager is proud to back this team as they redefine metals and manufacturing, all made in America," said Sarah Sclarsic, Founder and Managing Partner at Voyager Ventures.

"Foundation Alloy's platform addresses the most persistent challenges our customers face—productivity, equipment utilization, and supply-chain reliability—through a fundamentally different production approach," said Kenyu Okawara, General Manager, Kanematsu Corporation. "Client companies across our network are already evaluating Foundation Alloy's materials for high-demand applications, and we look forward to delivering these next-generation alloys to manufacturers across Japan and Asia as part of our solution-oriented approach to the metals business.

"Metals made through our platform are being used by customers today in commercial pilots with Japanese industrials, in production trials across North America and Europe, and in forging demonstrations with LIFT in Detroit," said Jake Guglin, CEO of Foundation Alloy. "This Series A funds the factory, not the lab. Our new Massachusetts facility and modular production cell are set to grow capacity from pilot-scale today to tons per week by 2027—a 100x increase, built on a modular equipment platform that deploys and scales 10x faster than traditional metals manufacturing.

About Foundation Alloy

Founded by Jake Guglin, Foundation Alloy is a modern metals manufacturing company. Its MetalsFIRST™ platform uses a solid-state process that replaces traditional melt-based metal production. The technology allows new alloys to move from design to production in a matter of months instead of years, while finished parts can be delivered in days and offer performance levels that are difficult to achieve with conventional manufacturing methods.

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