Eclipse Capital outlines rationale for VulcanForms investment

Eclipse Capital is deepening its bet on advanced manufacturing with a new investment in VulcanForms, a Massachusetts-based company building an integrated platform for industrial-scale metal production. The company says the investment is part of a broader plan to rebuild the country’s manufacturing capacity by using raw materials, automation, and digitally controlled production systems.

The thesis reflects growing concern among U.S. manufacturers and policymakers who are worried about how much they depend on foreign supply chains for important metal parts used in medical devices, aerospace, defense, and computing infrastructure. Eclipse Capital says that old manufacturing models, limited by worker availability and a lack of a single supplier network, can’t meet current demand without major technological changes.

Scaling a digital manufacturing platform

Founded in 2015, VulcanForms operates what it describes as a vertically integrated metal manufacturing ecosystem that combines additive and subtractive processes with automation, metallurgy expertise, and software-driven quality control. The company produces finished, certified metal parts directly from raw feedstock, targeting customers who require tight tolerances, regulatory compliance, and rapid iteration.

According to the company, demand accelerated in 2025 as customers sought to localize production of critical components. VulcanForms reports signing several large commercial agreements across medical devices, defense technology, and consumer electronics during the year, with production shipments expected to begin in the second half of 2026.

To support that growth, VulcanForms raised $220 million in Series D financing. Eclipse Capital co-led the round alongside 1789 Capital. The company states that the funding will be used to expand its workforce and scale its U.S.-based manufacturing footprint, including the addition of additional digitally integrated production facilities.

A leadership-driven investment

Eclipse Capital, an early investor in VulcanForms, frames the company as an attempt to simplify metal manufacturing by collapsing multi-stage supply chains into a single, automated system. VulcanForms claims its approach can reduce production timelines and costs relative to conventional advanced manufacturing, largely by minimizing tooling requirements and manual labor while standardizing processes around electricity and raw metal inputs.

The firm also points to leadership as a key factor. Kevin Kassekert, who previously held senior roles at Tesla and Redwood Materials, leads VulcanForms, focusing on scaling large, capital-intensive industrial operations. Eclipse Capital partner Greg Reichow, who has been involved with VulcanForms since its early days, characterizes the company as having transitioned from a technology developer to a production-scale manufacturer.

Whether VulcanForms can translate its technical platform into sustained, high-volume output remains to be seen, but the investment underscores growing investor interest in digitally driven manufacturing models aimed at rebuilding U.S. industrial capacity.