Magnus Metal

Company Overview

Snapshot

Founded in August 2017 by Boaz Vinogradov, Moshe Frenkel, and Gil Lavi, Magnus Metal operates with 51–200 employees. The company has raised $74 million across 6 funding rounds from 12 investors. In April 2024, Magnus Metal secured a significant Series B round.

Business overview

Magnus Metal is at the forefront of industrial innovation, developing a "Digital Casting" process for manufacturing large metal parts. This additive casting technology employs a fully digital workflow to enable high-volume production of complex, load-bearing components. The company's core focus is on achieving multi-alloy integration, precise thermal arrest control, and dimensional accuracy, simplifying steel casting for diverse applications in vehicles, power-train and engine assemblies, and various industrial and tooling sectors. Its technology also contributes to clean manufacturing by requiring 40-60% less raw material than traditional methods.

Strategic signal

In April 2024, Magnus Metal successfully closed a Series B funding round, signaling strong investor confidence in its digital casting technology. This capital infusion is expected to accelerate the company's efforts to digitize metal casting, positioning it for further expansion in industrial volume production and multi-alloy integration. The funding validates the market's recognition of Magnus Metal's potential to revolutionize traditional manufacturing processes with more sustainable and efficient methods.

Company Intelligence Q&A

What is Magnus Metal's primary innovation?

Magnus Metal is developing a "Digital Casting" process that utilizes additive casting technology for the high-volume production of large, complex metal parts, enabling multi-alloy integration and precise thermal control.

When did Magnus Metal raise its Series B funding round?

Magnus Metal raised its Series B funding round in April 2024, securing $74 million to advance its digital metal casting technology.

Which investors participated in Magnus Metal's April 2024 Series B round?

The April 2024 Series B round included investments from Entrée Capital and Target Global.

What environmental benefits does Magnus Metal's technology offer?

Magnus Metal's Digital Casting technology requires 40-60% less raw material compared to traditional casting methods, contributing to resource conservation and reduced environmental impact in metal production.

When was Magnus Metal founded and by whom?

Magnus Metal was founded in August 2017 by Boaz Vinogradov, Moshe Frenkel, and Gil Lavi.