# Magnus Metal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magnus-metal

- Industry: Industrial Machinery
- Headquarters: Israel
- Website: www.magnusmetal.com
- Total disclosed funding: $74M
- Latest round: Series B (Apr 18, 2024)
- Investors on record: 12

## About

Based in D.N Haela, Israel, and co-founded by Boaz Vinogradov (CEO), Gil Lavi (CTO), Moshe Frenkel (Chief Scientist), and Itay Roded (VP Process) in 2017, Magnus Metal Ltd. operates as an industrial machinery company offering automated production system specializing in Digital Casting solutions. In April 2024, the firm raised USD 74 million in series B funding co-led by investors Entrée Capital and Target Global, with participation from other investors Caterpillar Ventures, Tal Ventures, Deep Insight, Awz Ventures, etc.

The company offers Digital Casting, a new technology, process, and system designed to address the challenges of traditional casting methods such as labor shortages, supply chain disruptions, waste, and difficulties in meeting Industry 4.0 standards. Magnus Metal’s process enables a seamless transition from R&D to volume production by allowing multi-part production on the same build-table, leading to lower costs, and reduced raw material requirements. Moreover, Digital Casting offers enhanced productivity, automated processes, and improved safety standards. The company's product offerings cater to various industries, including automotive, industrial, and tooling sectors, providing solutions for chassis and structural parts, powertrain and engine assemblies, as well as industrial and tooling applications.

The company plans to utilize April 2024 funding to expand domestic and international operations to serve its clients better and advance its casting methods.

## Funding rounds

- Series B, Apr 18, 2024, $74M — Entree Capital, Target Global, Caterpillar Ventures, AWZ Ventures, Next Gear Ventures, Discount Capital, Tal Ventures, Cresson Management, Deep Insight, Lumir Ventures, Essentia Ventures, LIP Ventures Boutique

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series B
- Target Global (https://capitalatlas.ai/funds/target-global) — Series B
- Caterpillar Ventures (https://capitalatlas.ai/funds/caterpillar-ventures) — Series B
- AWZ Ventures (https://capitalatlas.ai/funds/awz-ventures) — Series B
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Series B
- Discount Capital (https://capitalatlas.ai/funds/discount-capital) — Series B
- Tal Ventures (https://capitalatlas.ai/funds/tal-ventures) — Series B
- Cresson Management (https://capitalatlas.ai/funds/cresson-management) — Series B
- Deep Insight (https://capitalatlas.ai/funds/deep-insight) — Series B
- Lumir Ventures (https://capitalatlas.ai/funds/lumir-ventures) — Series B
- Essentia Ventures (https://capitalatlas.ai/funds/essentia-ventures) — Series B
- LIP Ventures Boutique (https://capitalatlas.ai/funds/lip-ventures-boutique) — Series B