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VulcanForms valuation, funding and investors

VulcanForms works in digital manufacturing infrastructure development, based in Harvard, United States. Founded in 2015, it has about 303 employees.

Harvard Series D
VALUATION · TODAY
$3.51B +9% after Series D
Range $1.94B – $5.85B · Grade B
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $355M
Series D $220M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY303 employees
+39%6m growth
+60%1y growth
+89%2y growth
200
400
Data from Jan 2021
TODAY
Predicted in 1 yr $3.84B +9% vs today
Predicted next raise $423M if a round comes
Winding-down probability 0%
Last round
Series D · $220M · Jan 2026
Valuation at last round
$2.75B · implied
Headcount
303 · growing
Grade
B
Founded
2015
How VCMC values companies →

VulcanForms valuation today

VCMC values VulcanForms at $3.5B today, with a range of $1.9B to $5.8B and a grade of B. The valuation starts from its last funding round, a Series D round in Jan 2026.

Valuation by date (145 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

VulcanForms: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$5.59M$2.04M – $15.4M$5.86M (+5%)before first round–unknownD0%
1 Feb 2015$5.62M$2.04M – $15.4M$5.88M (+5%)before first round–unknownD0%
1 Mar 2015$5.64M$2.05M – $15.5M$5.91M (+5%)before first round–unknownD0%
1 Apr 2015$5.66M$2.06M – $15.5M$5.93M (+5%)before first round–unknownD0%
1 May 2015$5.68M$2.07M – $15.6M$5.95M (+5%)before first round–unknownD0%
1 Jun 2015$5.70M$2.08M – $15.7M$5.98M (+5%)before first round–unknownD0%
1 Jul 2015$5.72M$2.08M – $15.7M$6.00M (+5%)before first round–unknownD0%
1 Aug 2015$5.75M$2.09M – $15.8M$6.15M (+7%)before first round–unknownD0%
1 Sep 2015$5.77M$2.10M – $15.8M$6.32M (+10%)before first round–unknownD0%
1 Oct 2015$5.79M$2.11M – $15.9M$6.49M (+12%)before first round–unknownD0%
1 Nov 2015$5.82M$2.12M – $16.0M$6.66M (+15%)before first round–unknownD0%
1 Dec 2015$5.84M$2.13M – $16.0M$6.84M (+17%)before first round–unknownD0%
1 Jan 2016$5.86M$2.13M – $16.1M$7.03M (+20%)before first round–unknownD0%
1 Feb 2016$5.88M$2.14M – $16.2M$7.22M (+23%)before first round–unknownD0%
1 Mar 2016$5.91M$2.15M – $16.2M$7.40M (+25%)before first round–unknownD0%
1 Apr 2016$5.93M$2.16M – $16.3M$7.60M (+28%)before first round–unknownD0%
1 May 2016$5.95M$2.17M – $16.4M$7.80M (+31%)before first round–unknownD0%
1 Jun 2016$5.98M$2.18M – $16.4M$8.01M (+34%)before first round–unknownD0%
1 Jul 2016$6.00M$2.18M – $16.5M$8.22M (+37%)before first round–unknownD0%
1 Aug 2016$6.16M$2.24M – $16.9M$8.44M (+37%)before first round–unknownD0%
1 Sep 2016$6.33M$2.30M – $17.4M$8.67M (+37%)before first round–unknownD0%
1 Oct 2016$6.49M$2.36M – $17.8M$8.90M (+37%)before first round–unknownD0%
1 Nov 2016$6.67M$2.43M – $18.3M$9.14M (+37%)before first round–unknownD0%
1 Dec 2016$6.84M$2.49M – $18.8M$9.38M (+37%)before first round–unknownD0%
1 Jan 2017$7.03M$2.56M – $19.3M$9.63M (+37%)before first round–unknownD0%
1 Feb 2017$7.22M$2.63M – $19.8M$9.89M (+37%)before first round–unknownD0%
1 Mar 2017$7.39M$2.69M – $20.3M$10.1M (+37%)before first round–unknownD0%
1 Apr 2017$7.59M$2.76M – $20.9M$10.4M (+37%)before first round–unknownD0%
1 May 2017$7.79M$2.84M – $21.4M$10.7M (+37%)before first round–unknownD0%
1 Jun 2017$8.00M$2.91M – $22.0M$11.0M (+37%)before first round–unknownD0%
1 Jul 2017$8.21M$2.99M – $22.6M$11.3M (+37%)before first round–unknownD0%
1 Aug 2017$8.44M$3.07M – $23.2M$11.6M (+37%)before first round–unknownD0%
1 Sep 2017$8.67M$3.15M – $23.8M$11.9M (+37%)before first round–unknownD0%
1 Oct 2017$8.89M$3.24M – $24.4M$12.2M (+37%)before first round–unknownD0%
1 Nov 2017$9.14M$3.33M – $25.1M$12.5M (+37%)before first round–unknownD0%
1 Dec 2017$9.37M$3.41M – $25.8M$12.9M (+37%)before first round–unknownD0%
1 Jan 2018$9.63M$3.51M – $26.5M$13.2M (+37%)before first round–unknownD0%
1 Feb 2018$9.89M$3.60M – $27.2M$13.6M (+37%)before first round–unknownD0%
1 Mar 2018$10.1M$3.69M – $27.8M$13.9M (+37%)before first round–unknownD0%
1 Apr 2018$10.4M$3.79M – $28.6M$14.3M (+37%)before first round–unknownD0%
1 May 2018$10.7M$3.89M – $29.3M$14.6M (+37%)before first round–unknownD0%
1 Jun 2018$11.0M$3.99M – $30.1M$15.0M (+37%)before first round–unknownD0%
1 Jul 2018$11.3M$4.10M – $30.9M$15.4M (+37%)before first round–unknownD0%
1 Aug 2018$11.6M$4.21M – $31.8M$15.6M (+35%)before first round–unknownD0%
1 Sep 2018$11.9M$4.33M – $32.6M$15.7M (+32%)before first round–unknownD0%
1 Oct 2018$12.2M$4.44M – $33.5M$15.9M (+30%)before first round–unknownD0%
1 Nov 2018$12.5M$4.56M – $34.4M$16.0M (+28%)before first round–unknownD0%
1 Dec 2018$12.9M$4.68M – $35.3M$16.2M (+26%)before first round–unknownD0%
1 Jan 2019$13.2M$4.81M – $36.3M$16.3M (+24%)before first round–unknownD0%
1 Feb 2019$13.6M$4.94M – $37.3M$16.5M (+21%)before first round–unknownD0%
1 Mar 2019$13.9M$5.06M – $38.2M$16.6M (+19%)before first round–unknownD0%
1 Apr 2019$14.3M$5.20M – $39.2M$16.8M (+17%)before first round–unknownD0%
1 May 2019$14.6M$5.33M – $40.2M$16.9M (+15%)before first round–unknownD0%
1 Jun 2019$15.0M$5.48M – $41.3M$17.1M (+13%)before first round–unknownD0%
1 Jul 2019$15.4M$5.62M – $42.4M$17.2M (+11%)before first round–unknownD0%
1 Aug 2019$15.6M$5.68M – $42.8M$17.4M (+11%)before first round–unknownD0%
1 Sep 2019$15.7M$5.73M – $43.2M$17.5M (+11%)before first round–unknownD0%
1 Oct 2019$15.9M$5.78M – $43.6M$17.7M (+11%)before first round–unknownD0%
1 Nov 2019$16.0M$5.83M – $44.0M$17.8M (+11%)before first round–unknownD0%
1 Dec 2019$16.2M$5.89M – $44.4M$18.0M (+11%)before first round–unknownD0%
1 Jan 2020$16.3M$5.94M – $44.8M$18.2M (+11%)before first round–unknownD0%
1 Feb 2020$16.5M$5.99M – $45.2M$18.3M (+11%)before first round–unknownD0%
1 Mar 2020$16.6M$6.05M – $45.6M$18.5M (+11%)before first round–unknownD0%
1 Apr 2020$16.8M$6.10M – $46.0M$18.7M (+11%)before first round–unknownD0%
1 May 2020$16.9M$6.16M – $46.4M$18.8M (+11%)before first round–unknownD0%
1 Jun 2020$17.1M$6.21M – $46.9M$19.0M (+11%)before first round–unknownD0%
1 Jul 2020$17.2M$6.27M – $47.3M$19.2M (+11%)before first round–unknownD0%
1 Aug 2020$17.4M$6.33M – $47.7M$19.3M (+11%)before first round–unknownD0%
1 Sep 2020$17.5M$6.38M – $48.2M$19.5M (+11%)before first round–unknownD0%
1 Oct 2020$17.7M$6.44M – $48.6M$19.7M (+11%)before first round–unknownD0%
1 Nov 2020$17.9M$6.50M – $49.0M$19.9M (+11%)before first round–unknownD0%
1 Dec 2020$18.0M$6.56M – $49.5M$20.1M (+11%)before first round–unknownD0%
1 Jan 2021$19.9M$7.24M – $54.6M$20.1M (+1%)before first round28unknownD0%
1 Feb 2021$20.1M$7.31M – $55.1M$19.9M (-1%)before first round28unknownD0%
1 Mar 2021$20.2M$7.37M – $55.6M$19.7M (-3%)before first round28unknownD0%
1 Apr 2021$20.4M$7.43M – $56.1M$19.5M (-5%)before first round28flatD0%
1 May 2021$20.6M$7.50M – $56.6M$19.3M (-6%)before first round28flatD0%
1 Jun 2021$20.8M$7.57M – $57.1M$19.1M (-8%)before first round28flatD0%
1 Jul 2021$21.0M$7.64M – $57.6M$18.9M (-10%)before first round28flatD0%
1 Aug 2021$20.8M$7.50M – $57.9M$18.6M (-11%)before first round28flatD0%
1 Sep 2021$20.7M$7.35M – $58.2M$18.4M (-11%)before first round28flatD0%
1 Oct 2021$20.5M$7.21M – $58.5M$18.2M (-11%)before first round28flatD0%
1 Nov 2021$20.4M$7.07M – $58.8M$18.0M (-12%)before first round28flatD0%
1 Dec 2021$20.2M$6.94M – $59.0M$17.8M (-12%)before first round28flatD0%
1 Jan 2022$20.1M$6.79M – $59.2M$17.6M (-12%)before first round28flatD0%
1 Feb 2022$19.9M$6.65M – $59.4M$17.3M (-13%)before first round28flatD0%
1 Mar 2022$41.6M$16.2M – $90.8M$46.4M (+12%)before first round140growingC0%
1 Apr 2022$42.0M$16.1M – $92.9M$46.7M (+11%)before first round140growingC0%
1 May 2022$42.4M$16.1M – $94.9M$47.1M (+11%)before first round140growingC0%
1 Jun 2022$42.8M$16.1M – $97.1M$47.4M (+11%)before first round140growingC0%
1 Jul 2022$43.3M$16.0M – $99.1M$47.7M (+10%)before first round140growingC0%
6 Jul 2022$1.0B$869M – $1.3B$1.1B (+10%)after a round140growingA0%
1 Aug 2022$1.0B$869M – $1.3B$1.1B (+9%)after a round140growingA0%
1 Sep 2022$1.0B$869M – $1.3B$1.1B (+8%)after a round140growingA0%
1 Oct 2022$1.0B$869M – $1.3B$1.1B (+8%)after a round140growingA0%
1 Nov 2022$1.0B$869M – $1.3B$1.1B (+7%)after a round140unknownA0%
1 Dec 2022$1.0B$869M – $1.3B$1.1B (+6%)after a round140unknownA0%
1 Jan 2023$1.0B$869M – $1.3B$1.1B (+5%)after a round140unknownA0%
1 Feb 2023$1.1B$869M – $1.3B$1.1B (+4%)after a round140unknownA0%
1 Mar 2023$1.1B$869M – $1.3B$1.1B (+3%)after a round140unknownA0%
1 Apr 2023$1.1B$869M – $1.3B$1.1B (+3%)after a round140unknownA0%
1 May 2023$1.1B$869M – $1.3B$1.1B (+2%)after a round170upA0%
1 Jun 2023$1.1B$869M – $1.3B$1.1B (+1%)after a round170upA0%
1 Jul 2023$1.1B$869M – $1.3B$1.1B (0%)after a round170upA0%
1 Aug 2023$1.1B$851M – $1.3B$1.1B (0%)after a round170upA0%
1 Sep 2023$1.1B$831M – $1.3B$1.1B (0%)after a round170upA0%
1 Oct 2023$1.2B$763M – $1.3B$1.2B (0%)after a round180flatA0%
1 Nov 2023$1.2B$728M – $1.3B$1.2B (0%)after a round180flatB0%
1 Dec 2023$1.2B$696M – $1.3B$1.2B (0%)after a round180flatB0%
1 Jan 2024$1.2B$665M – $1.3B$1.2B (0%)after a round180flatB0%
1 Feb 2024$1.2B$635M – $1.3B$1.2B (0%)after a round180flatB0%
1 Mar 2024$1.2B$608M – $1.3B$1.2B (0%)after a round180flatB0%
1 Apr 2024$1.2B$581M – $1.3B$1.2B (0%)after a round180flatB0%
1 May 2024$1.2B$555M – $1.3B$1.2B (0%)after a round180flatB0%
1 Jun 2024$1.2B$530M – $1.3B$1.2B (0%)after a round180flatB0%
1 Jul 2024$1.0B$494M – $1.3B$954M (-8%)after a round160flatB20%
1 Aug 2024$925M$470M – $1.3B$758M (-18%)after a round160flatB39%
1 Sep 2024$913M$446M – $1.3B$743M (-19%)after a round160flatB39%
1 Oct 2024$901M$425M – $1.3B$728M (-19%)after a round160flatB39%
1 Nov 2024$815M$404M – $1.3B$611M (-25%)after a round160flatB53%
1 Dec 2024$676M$384M – $1.3B$444M (-34%)after a round160downB79%
1 Jan 2025$658M$365M – $1.3B$430M (-35%)after a round160downC79%
1 Feb 2025$641M$347M – $1.3B$416M (-35%)after a round160downC79%
1 Mar 2025$626M$332M – $1.3B$404M (-35%)after a round160downC79%
1 Apr 2025$609M$315M – $1.3B$391M (-36%)after a round160downC79%
1 May 2025$625M$300M – $1.3B$411M (-34%)after a round160downC73%
1 Jun 2025$619M$285M – $1.3B$408M (-34%)after a round160downC71%
1 Jul 2025$605M$271M – $1.3B$397M (-34%)after a round160downC71%
1 Aug 2025$594M$264M – $1.2B$444M (-25%)after a round178flatC66%
1 Sep 2025$610M$251M – $1.2B$465M (-24%)after a round178flatC60%
1 Oct 2025$637M$269M – $1.2B$502M (-21%)after a round189upC56%
1 Nov 2025$654M$259M – $1.2B$524M (-20%)after a round189upC51%
1 Dec 2025$672M$250M – $1.2B$546M (-19%)after a round189upC47%
1 Jan 2026$688M$241M – $1.2B$567M (-18%)after a round189upC43%
31 Jan 2026$2.8B$1.8B – $5.4B$3.6B (+30%)after a round189upB0%
1 Feb 2026$2.8B$1.8B – $5.4B$3.6B (+30%)after a round189upB0%
1 Mar 2026$2.8B$1.8B – $5.4B$3.6B (+27%)after a round218growingB0%
1 Apr 2026$2.9B$1.8B – $5.4B$3.6B (+24%)after a round218growingB0%
1 May 2026$3.0B$1.9B – $5.6B$3.7B (+24%)after a round244growingB0%
1 Jun 2026$3.0B$1.9B – $5.6B$3.7B (+21%)after a round244growingB0%
1 Jul 2026$3.1B$1.9B – $5.6B$3.7B (+18%)after a round244growingB0%
1 Aug 2026$3.2B$1.9B – $5.7B$3.7B (+17%)after a round266growingB0%
1 Sep 2026$3.3B$1.9B – $5.7B$3.7B (+14%)after a round266growingB0%
1 Oct 2026$3.4B$1.9B – $5.8B$3.8B (+12%)after a round303growingB0%
24 Oct 2026$3.5B$1.9B – $5.8B$3.8B (+9%)after a round303growingB0%

Key facts about VulcanForms

Founded
2015
Headquarters
Harvard, United States
Employees
about 303 +60% in a year
Total raised
$575M
Funding rounds
2
Last round
Series D Jan 2026

VulcanForms was founded in 2015 by John Hart and Martin Feldmann.

VulcanForms funding history

VulcanForms has 2 funding rounds on record, from Jul 2022 to Jan 2026, $575M in total. The latest disclosed valuation is $1.00B post-money (Growth Equity, Jul 2022).

  1. Series D 30 Jan 2026

    Led by Eclipse, 1789 Capital; with Washington Harbour, Fontinalis, IEQ Capital.

    Sources: vulcanforms.com, prnewswire.com

    $220M

  2. Growth Equity 5 Jul 2022

    With Eclipse, Stata Venture Partners, Fontinalis, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed, Industry Ventures, Simkins Family Foundation, Simkins Family.

    Sources: verdict.co.uk, 3dprintingindustry.com, tctmagazine.com and 4 more

    $355M

    $1.00B post-money

VulcanForms investors

13 investors have backed VulcanForms; Eclipse and 1789 Capital led at least one round.

  • Eclipse lead, 2 rounds
  • 1789 Capital lead
  • D1 Capital Partners
  • IEQ Capital
  • Simkins Family
  • Simkins Family Foundation
  • Standard Investments
  • Stata Venture Partners

What VulcanForms does

VulcanForms works in metal fabrication services, with 14 recorded offerings and customers in aerospace, defense, transportation and energy.

VulcanForms Inc. is an American manufacturing company that operates a digital manufacturing platform engaged in metal product production. The company provides services in additive manufacturing, precision machining, and the development of AI-powered software solutions for digital manufacturing. VulcanForms serves sectors including aerospace, defense, transportation, energy, equipment, consumer goods, medical, compute, and space, and is ITAR certified. The company also offers industrial automation and engineering services, and operates facilities in Massachusetts to support localized production and supply chain security.

Description from Veridion's company data.

Products and services

  • Digital Manufacturing Infrastructure Development
  • Advanced Metal Component Manufacturing
  • Additive Manufacturing Services
  • Precision Machining Services
  • AI-Powered Manufacturing Software Development
  • Digital Thread Integration Services
  • Industrial Automation Solutions
  • High-Volume Manufacturing Solutions
  • Regulatory-Compliant Manufacturing Services
  • Sustainable Manufacturing Solutions
  • Custom Component and Assembly Production
  • Simulation and Process Control Software Development
  • Engineering Consulting Services
  • Scalable Manufacturing Solutions

Markets

  • Aerospace
  • Defense
  • Transportation
  • Energy
  • Equipment
  • Consumer Goods
  • Medical
  • Compute
  • Space

Technology

  • Additive Manufacturing
  • Precision Machining
  • AI-Powered Manufacturing Software
  • LPBF Systems
  • Advanced Simulation Tools
  • Digital Thread

Certifications

  • ITAR certified

Supply chain

  • Localized Sourcing
  • Sustainable Sourcing

Business model

  • Business-to-Business
  • Service Provider
  • Manufacturing
  • Enterprise

Industry codes (NAICS)

  • 332999 All Other Miscellaneous Fabricated Metal Product Manufacturing 75% match
  • 513210 Software Publishers 25% match

Questions about VulcanForms

What is VulcanForms worth?

Valuation $3.5B (range $1.9B to $5.8B), as of 24 Oct 2026. The last disclosed valuation was $1.00B (Growth Equity, Jul 2022).

Has VulcanForms raised money?

VulcanForms has 2 funding rounds on record, from Jul 2022 to Jan 2026, $575M in total. The latest disclosed valuation is $1.00B post-money (Growth Equity, Jul 2022).

Who has invested in VulcanForms?

Eclipse, 1789 Capital, Fontinalis, Atlas Innovate, Boston Seed and D1 Capital Partners, and 7 more. Lead investors include Eclipse and 1789 Capital.

How many people work at VulcanForms?

About 303, up 60% over the last year. Headcount grew from 28 in Jan 2021 to 303 in Sep 2026.

What does VulcanForms do?

VulcanForms works in metal fabrication services, with 14 recorded offerings and customers in aerospace, defense, transportation and energy. Its main offerings are digital manufacturing infrastructure development, advanced metal component manufacturing and additive manufacturing services.

When was VulcanForms founded, and where is it based?

VulcanForms was founded in 2015 and is based in Harvard, United States. It has about 303 employees, up 60% over the last year.