VulcanForms — Cyborg Score 8/10

Strong
Metal additive manufacturing and contract part production

Strategic Profile

Through its focus on vertically integrated manufacturing, precision machining, and industrial automation, VulcanForms is setting a new standard for advanced metal manufacturing, helping innovators create better performing parts while ensuring a secure and reliable US-based supply chain. Unlike other 3D printing companies, such as Markforged and Formlabs, VulcanForms does not sell its machines, but instead manufactures parts directly for its customers out of metals including titanium, stainless steel, and nickel-based superalloys.

Cyborg Score Rationale

VulcanForms raised $220 million in January from private investors to expand production, with $575 million raised through six funding rounds since launching in 2015. The company is building a vast new factory in Devens that will create more than 1,000 new jobs, with the 1-million-square-foot plant allowing VulcanForms to offer more capacity for customers in industries including medical devices, aerospace and defense, and consumer goods.

Top Insights

  • Industrial-scale metal additive manufacturing with proprietary LPBF systems, delivering high-precision, fully dense parts with exceptional quality, speed, and cost efficiency
  • Feldmann was chief executive until leaving the company in 2024, when he was replaced by former Tesla executive Kevin Kassekert
  • VulcanForms is currently producing parts for companies in the medical, defense, semiconductor, and aerospace industries, turning designs into finished parts in a matter of days
  • The state's Economic Assistance Coordinating Council awarded VulcanForms a $21.3 million tax credit in June 2026 for the new Devens facility

Named Competitors

  • Markforged — 3D printing machine manufacturer for additive manufacturing systems
  • Formlabs — 3D printing machine manufacturer for additive manufacturing systems
  • Desktop Metal — Industrial 3D printing and additive manufacturing systems

Recent Developments

  • (June 2026) $21.3 million Massachusetts tax credit awarded for new 1-million-square-foot Devens manufacturing facility
  • (January 2026) Raised $220 million from Eclipse Ventures and 1789 Capital to fund expansion and capacity scaling
  • (2024) CEO transition: Martin Feldmann departed; former Tesla executive Kevin Kassekert appointed as replacement

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