Foundation Alloy
Category: AI in Manufacturing
An AI-driven materials innovation company that develops and produces high-performance metal alloys with unprecedented speed through a vertically integrated, solid-state manufacturing process. Foundation Alloy was founded in 2022. The company is led by Jake Guglin. Based in Billerica, Massachusetts, USA. Team size: 11-50. Total funding raised: $18M total across 2 rounds ($10.5M Seed + $7.5M Seed Extension). Latest round: Funding Round ($7.5M total Seed Extension, May 2025 led by Alumni Ventures, America's Frontier) - NOT Series A; advanced metals manufacturing. Key investors include The Engine, Material Impact, Yamaha Motor Ventures, Alumni Ventures, America’s Frontier Fund, Good Growth Capital, Safina Center, Beechwood Capital.
- Founded
- 2022
- Headquarters
- Billerica, Massachusetts, USA
- Team size
- 11-50
- Total funding
- $18M total across 2 rounds ($10.5M Seed + $7.5M Seed Extension)
Value proposition
Radically accelerating the material development and commercialization cycle from decades to 1-2 years, enabling the creation of superior, sustainable, and cost-effective metal parts.
Products and solutions
Molyclast MC1200 (strongest commercially available molybdenum alloy), Molyclast MC700 (ultra-fine-grained pure molybdenum), Custom-designed high-performance metal alloys (refractory alloys, titanium, advanced steels, tool steels), Proprietary MetalsFIRST solid-state manufacturing platform, Vertically integrated production services
Unique value
A vertically integrated, closed-loop platform that combines a proprietary AI-driven discovery engine with advanced solid-state metallurgy. This allows for the simultaneous optimization of material composition and production processes, avoiding the weaknesses introduced by traditional melting and casting.
Target customer
OEMs and innovators in high-performance industries requiring advanced materials with superior strength, durability, and temperature resistance, including aerospace, defense, energy, and electric vehicles.
Industries served
Aerospace, Defense, Energy, Automotive (EVs), Industrial Equipment, Consumer Products
Technology advantage
Unmatched speed in material innovation (months vs. decades), the ability to create bespoke materials for specific applications, and a focus on producing cost-competitive, high-performance parts at scale using less energy than traditional methods.
How they differentiate
Unlike competitors who often focus solely on material design software (Exabyte, MaterialsZone) or consulting services (QuesTek), Foundation Alloy offers a vertically integrated model that includes in-house, solid-state manufacturing. This enables faster validation, production, and delivery of final, high-performance parts.
Main competitors
QuesTek Innovations, Exabyte.io, MaterialsZone, Desktop Metal
Key partnerships
Foundational research partnerships with MIT and UC Irvine., Strategic collaboration and investment from Yamaha Motor Ventures., Additional strategic collaborations with key industry players are underway but currently undisclosed.
Notable customers
Yamaha Motor Ventures, Targeting major OEMs in aerospace, defense, and energy, with other specific customer names not yet publicly disclosed.
Major milestones
Founded in 2022 Closed a $10.5M Seed Round in June 2022 Closed a $7.5M Seed Extension in May 2025 Launched Molyclast MC1200 in early 2026 Launched new headquarters and production facility in Billerica, MA
Growth metrics
Opened a new 12,000 sq. ft. headquarters and production facility in Billerica, MA; expanding the team following Series A funding.
Market positioning
A technology innovator and disruptor in the advanced materials sector, positioning itself as a vertically integrated foundry and development partner for high-performance industries.
Geographic focus
Primarily North America and Europe, targeting major industrial manufacturing hubs.
Patents and IP
The company operates with proprietary methods and trade secrets related to its AI platform and solid-state metallurgy processes. Specific patent filings are not publicly detailed.
About Jake Guglin
Jake Guglin has a diverse work experience, starting with their current role as CEO and Co-Founder at Foundation Alloy where they lead the design and utilization of next-generation metals for improved part production. Prior to this, they worked at Lightmatter in Operations and Finance, at Blue Origin in Operations, at SpaceX in Strategy and Finance, as a Venture Partner at Outbound Ventures, and as a Director at both Evol8tion and the Torchlight Angel Network. He also held internship positions at Entrepreneurs Roundtable Accelerator and Outdoor Voices, and began his career as a Physical Commodity Trader at Interoceanic Corporation.
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Official website: https://www.foundationalloy.com
