Alloy Enterprises Completes $3 Million Funding Round Led By Lockheed Martin
31 Agosto 2022 - 04:06PM
Dow Jones News
By Kathryn Hardison
Alloy Enterprises completed a $3 million financing round, which
brings the company's total amount raised to over $10 million in two
years.
Lockheed Martin Ventures led the simple agreement for future
equity round and was joined by existing investors, including
Congruent Ventures, Alloy Enterprises said Wednesday.
Alloy said its manufacturing system provides high throughput of
fully-dense aluminum parts, enabling manufacturers to scale from
prototyping to production.
Alloy Chief Executive Alison Forsyth said the funding allowed
the company to accelerate commercialization as the supply chain
continues to curb innovation.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 31, 2022 14:51 ET (18:51 GMT)
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