Startup Foundation Alloy raises $22M for new metal tech

Foundation Alloy has secured $22 million in Series A funding to scale its innovative solid-state metal alloying process. Unlike traditional melting methods, their technique involves smashing metal powders together, enabling the creation of superior material properties and reducing energy consumption significantly. This advanced alloying method allows for the development of metals that can withstand both extreme heat and mechanical stress, overcoming limitations of conventional techniques. The company is already piloting its bespoke metals with clients in aerospace, defense, automotive, and consumer goods industries, with plans to expand production capacity.