Foundry Lab uses binder jetting to create mold parts from ceramic powders. The molds are then baked in a furnace to harden before being combined with a metal slug and subjected to another furnace cycle for casting. Foundry Lab is the result of nearly a decade of refining the process of putting metal into a microwave.
The New Zealand-based company has raised $12 million and has an office in California. In manufacturing, it sits at the intersection of several significant trends. Foundry Lab can help companies reduce lead times in response to supply chain disruptions and support bridge manufacturing. These challenges are amplified by rising global competition and an increasing number of product variants that have shorter market lifespans than their predecessors. For example, Volkswagen once offered only a few models but now sells 26 different cars worldwide, each updated every two years, with customization options making every vehicle potentially unique. Foundry Lab also stands to benefit from growing awareness of the fragility of global supply chains. At the same time, CNC and foundry services are disappearing in the West just as they become increasingly critical to defense efforts.
On the downside, many companies are wary of microwaves outside the kitchen, and industrial microwave technology remains relatively uncommon. This unfamiliarity is Foundry Lab’s biggest challenge. Its first customers, the New Jersey Innovation Institute (NJII) and Eaton, are organizations that recognize the challenges facing CNC machining, understand the need for accelerated manufacturing options, or require specialized parts that are otherwise difficult to produce.
I’ve advocated for 3D printing OEMs to adopt service models for years. A service provides a lightweight, quick, and easy way for customers to try out a product. The lack of service options in binder jetting, directed energy deposition, and electron beam manufacturing has contributed to these technologies being underrepresented for a long time. For corporate professionals, a $1 million investment that fails could be a career-ending decision, whereas a small order—framed as an experiment—might still attract attention even if it doesn’t succeed. By reducing risk and complexity, service models accelerate the adoption of 3D printing and help companies move toward major investment decisions more quickly. Additionally, the industry has long focused on companies capable of purchasing multiple machines and making substantial investments, but most businesses don’t fit that profile.
Specific to your technology, a firm could use it daily or rely on it for critical parts without producing enough volume to justify investing in a machine. Many asset-light companies prefer to act as the connective tissue in a solution rather than handle manufacturing or own extensive equipment. Service offerings help address these needs.
With risk becoming more widely dispersed and China’s economic challenges affecting global markets, companies are increasingly hesitant to make CapEx commitments. While bold moves can yield significant rewards in uncertain times, most businesses—like people—tend to be cautious. As a result, renting machines or utilizing services may be the only viable option for many firms.
I see this as an excellent move by Foundry Lab. It should accelerate its growth and attract customers who might never have considered purchasing a machine.
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