Alloy Enterprises, a Somerville, MA-based Digital Aluminum Fab, closed a $3M SAFE financing round.

The SAFE round, which brings the total raised to over $10M, was led by Lockheed Martin Ventures (LMV), who was joined by existing investors, including Congruent Ventures.

Led by CEO Alison Forsyth Alloy provides novel technology that allows for production of components with high-strength aluminum alloys, such as 6061. Within a year of invention, the company was making parts using their novel additive manufacturing system that provides high throughput of fully-dense aluminum parts, enabling manufacturers to scale from prototyping to production.

Alloy Enterprises Raises $3M in SAFE Funding. Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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