How much funding has Formetrix raised?

Formetrix has raised $4.98M in total funding. Key investors include Cycad Group; MacLean-Fogg.

Who is the CEO of Formetrix?

Scott Pearson is the CEO of Formetrix. The company was founded in 2018.

Where is Formetrix located?

Formetrix is headquartered in Macomb Township, Michigan, United States.

What funding stage is Formetrix at?

Formetrix is currently at the Acquired stage.

How many employees does Formetrix have?

Formetrix has approximately 1-10 employees.

Formetrix

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

MaterialsMacomb Township, Michigan, United StatesFounded 2018· One of 961 Materials companies tracked by AMPulse

High-performance steel alloy powders designed for 3D printing applications, offering enhanced hardness, ductility, and wear resistance.

CEO / Founder: Scott Pearson
Team Size: 1-10
Stage: Acquired
Total Funding: $4.98M
Latest Round: Acquired
Key Investors: Cycad Group; MacLean-Fogg

Technology & Products

Key Products

High-performance steel alloy powders (e.g., Formetrix L-40 steel) for 3D printing applications, offering enhanced hardness, ductility, and wear resistance.

Technological Advantage

Patented technology that delivers superior mechanical properties and printability in 3D printed components.

Differentiation

Value Proposition

Provides easy-to-print, high-performance steel alloy powders that enable advanced 3D printing capabilities for robust and reliable components.

How They Differentiate

Differentiates through proprietary, easy-to-print, high-performance steel alloy powders (e.g., Formetrix L-40 steel) with superior material properties for robust and reliable 3D printed components.

Market & Competition

Target Customers

Industries requiring high-performance steel alloys for 3D printing, including automotive, heavy machinery, and industrial sectors.

Industry Verticals

["Automotive","Heavy Duty Truck","Agriculture Equipment","Off-Road Equipment","Military","Defense"]

Competitors

Elementum 3D; Metalysis

Growth & Milestones

Growth Metrics

Information not available

Major Milestones

["Acquisition by MacLean-Fogg","Patented technology development"]

https://www.formtrixmetals.com

Why this company matters

Formetrix develops and supplies high-performance steel alloy powders specifically formulated for metal additive manufacturing. The company's materials are designed to address a gap in the AM materials market: steel powders that combine ease of printability with mechanical properties comparable to or exceeding wrought counterparts. Its L-40 steel is one example of a proprietary alloy tuned for LPBF systems.

The company's core technology is a set of patented steel alloy formulations that deliver superior hardness, ductility, and wear resistance in printed components. These powders are engineered to reduce cracking and distortion during printing, a common challenge with high-strength steel alloys. The intellectual property portfolio covers both alloy compositions and processing parameters.

Formetrix targets industries that require robust, reliable steel parts produced via additive manufacturing, including automotive, heavy-duty truck, agriculture equipment, off-road equipment, and military/defense. Typical applications include tooling, functional prototypes, and end-use components that must withstand high stress and abrasive conditions.

Following its acquisition by MacLean-Fogg in May 2021, Formetrix now operates as MacLean Additive within MacLean-Fogg Component Solutions. This acquisition provides access to a larger manufacturing and distribution network while preserving the company's focus on specialized steel powders. Key competitors include Elementum 3D and Metalysis, though Formetrix differentiates through its focus on steel alloys and printability optimization.