Entree Capital
Assembly Line
Magnus Metal Raises $74 Million in Series B Funding to Transform Metal Part Casting With its Revolutionary Digital Casting™ Technology
Magnus Metal, a pioneering technology in industrial, high volume digital casting for metal alloys, announced it has raised $74 million in Series B funding, co-led by Entrée Capital and Target Global with additional participation from Caterpillar Ventures, Tal Ventures, Deep Insight Ventures, Awz Ventures, Lumir Ventures, Discount Capital, Lip Ventures, Cresson Management, Next Gear Fund and Essentia Venture Capital. Magnus Metal will use the latest capital to further develop its innovative casting technologies, while expanding its operations locally and globally to support its Fortune 100 customers.
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 the first and only additive manufacturing technology that uses the Customer’s current metal raw material providing huge benefits in adoption rate.
Swapp Raises $7 Million Seed Round Led by Point72 Ventures and Entrée Capital
Swapp, an AI-powered construction planning company, announced today that it raised $7 million in Seed funding, led by Point72 Ventures and Entrée Capital with the participation of existing investors. The investment will support Swapp’s continued market expansion for its construction-planning platform and expand its AI capabilities.
By streamlining the conception, architectural design, and engineering processes, Swapp’s AI platform helps real estate developers and construction companies maximize their property investments and realize the full potential of their sites and projects by enabling them to directly control every phase of their project planning process.