![Magnus Metal developed Digital CastingTM, which combines the advantages of both Additive Manufacturing and traditional casting while avoiding their typical deficiencies. This allows for a streamlined production chain, digital inventories and remote manufacturing hubs. Magnus Metal](https://www.finsmes.com/wp-content/uploads/2024/04/image-42.jpeg)
Magnus MetalThe Series B financing raised by, an Israeli technology company based in Tel Aviv that specializes in high-volume industrial digital casting of metal alloys has reached $74M.
Entree Capital led the round, with Target Global as a close second. Other participants included Caterpillar Ventures and Target Global, along with Deep Insight Ventures and Awz Ventures.
The funds will be used to develop the company’s casting technology and expand its local and global operations to better serve its customers.
Magnus Metal, led by Boaz Vinovgradov as CEO, focuses on industrializing novel machines, components, processes and materials. It develops a wide range of products, from chassis and structural pieces for vehicles to agricultural equipment, construction machinery, trucks, trains and industrial robots.
Digital Casting TM is a new product developed by the company that combines the best of both Additive Manufacturing and Traditional Casting, without the usual associated shortcomings. This allows for a streamlined Supply-Chain, digital inventory, and remote manufacturing hubs.
Magnus Metal works with Fortune 100 companies as well OEM manufacturers.
FinSMEs
18/04/2024