Israeli digital casting co Magnus Metal raises $74m

• Published date: 18 April 2024
• Author: Meytal Vaizberg
• Publication title: Globes (Rishon LeZion, Israel)

Magnus Metal, which has developed technology in industrial, high volume digital casting for metal alloys will use the new investment to further develop its innovative casting technologies, while expanding its operations locally and globally to support its Fortune 100 customers

Magnus Metal innovates 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 claims to be the first and only additive manufacturing technology that uses the customer's current metal raw material providing huge benefits in adoption and adoption rate. Its 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.

The company was founded in 2018 by CEO Boaz Vinogradov, Gil Lavi, Moshe Frenkel and Itay Roded.

Vinogradov said, "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...