Israeli company Magnus Metal raises Series B Funding to transform metal part casting with its revolutionary Digital Casting technology

Magnus Metal, a pioneering technology company operating in the industrial area of high-volume digital casting for metal alloys, has announced it has raised $74 million in Series B funding.

Magnus Metal has developed the Digital Casting, which blends the benefits taken from both Additive Manufacturing (AM) and traditional casting, while avoiding the typical associated deficiencies. This enables a streamlined supply-chain, digital inventory and remote manufacturing hubs.

Magnus Metal innovates the centuries-old metal casting industry by providing an Industry 4.0-based fully automatic manufacturing solution that makes the process faster, safer, and environmentally friendly while both improving quality and reducing cost. Magnus Metal is one of the first and only additive manufacturing technology that uses the customer’s current metal raw material, providing huge benefits in adoption rate.

The Digital Casting technology blends the benefits taken from both additive manufacturing and traditional casting, while avoiding the typical associated deficiencies, allowing for a streamlined and flat supply-chain, digital inventory, and remote manufacturing hubs, without the need for a traditional foundry infrastructure.

“Magnus Metal’s technology is at the forefront of the digital casting revolution in metal production, forging transformations in sustainability, flexibility of design processes and massively reducing the time spent in development. We remain faithful to the industry’s 4 000 years of tradition, while reimagining and refashioning how metals parts are produced for modern purposes. We are excited to bring our unique capital equipment, industry 4.0 environmentally friendly, advanced processes and digital knowhow and apply them to the metal casting process, driving it into a new digital era,” said Boaz Vinogradov, CEO of Magnus Metal.

Magnus Metal’s Digital Casting solution, which adopts Industry 4.0 standards, leads to vastly improved safety, sustainability and financial outcomes. Its data-driven process results in marked efficiencies, requiring 40 to 60% less raw material, significantly lowering the overarching cost and decreasing the burden on natural resources. The removal of traditional tooling means time savings of between 6-18 weeks while producing parts that are of lower defectivity and 10% to 20% stronger than the conventional alternative.

Magnus Metal’s sophisticated process allows up to 1 ton of solid metals to be manufactured in a fully controlled environment, customised and crafted within their purpose-built, standalone platform, enabling a production lifecycle that depends on less material, manpower and time. Magnus Metal is the only additive manufacturing company that meets the American Society for Testing and Materials standards for iron. Through Magnus Metal, the design-to-manufacturing cycle is shortened, raw materials are efficiently used and quality control is elevated.

“Over time, as our reliability and utilisation of the machine will rise, I think we are going to be competitive for parts that are not very simple,” said Vinogradov.

For simple pieces, sand casting will still have the advantage, but for complex parts like gearboxes, Vinogradov is confident his company can compete on cost.

“To make those parts, Magnus Metal borrows elements of sand casting and 3D printing to perform what it calls digital casting. Before casting work begins, the company’s software slices a design into layers. The company then takes the negative of that shape and creates ceramic forms between four to 20mm thick, which will hold the metal in place while it cools.”

In the casting machine, metal is melted and dripped into the ceramic base. Once a layer is complete, more metal is added. Each subsequent layer melts the previous one, ensuring the layers are bonded while also allowing impurities to float to the top, Vinogradov said. The melting and mixing of the layers allows its parts to have fewer defect rates and are 10% to 20% stronger than traditionally cast parts, the company said.