Advanced manufacturing firm VulcanForms has secured $500 million in new financing to expand its production footprint with three additional factories, including a new facility in Massachusetts. The company, based in Devens, MA, said the capital raise was led by J.P. Morgan alongside funds managed by Apollo. The planned Massachusetts plant will add to a network of three other facilities that VulcanForms already operates or has in various stages of planning.
The financing is intended to speed up VulcanForms’ manufacturing buildout and support further integration of what the company describes as physical AI into its production platform. By combining advanced materials manufacturing with artificial intelligence-driven processes, the company aims to scale industrial output while maintaining precision and consistency. VulcanForms indicated that the expanded capacity is central to how it is positioning itself within the broader U.S. industrial and technology ecosystem.
According to the company, the new capital also signals growing institutional attention to advanced manufacturing as a strategic pillar of U.S. economic competitiveness and supply-chain resilience. The transaction is part of JPMorganChase’s Security and Resiliency Initiative, which focuses on supporting capabilities viewed as critical to national and economic security. The involvement of a major global bank and large-scale institutional funds underscores the scale of the commitment to VulcanForms’ platform.
VulcanForms framed the expansion as an effort to keep more production tied to innovations created in the United States. CEO Kevin Kassekert said the country risks falling behind in the next industrial era if it is unable to manufacture what it invents domestically. He added that too many breakthrough technologies developed in the U.S. have historically been produced overseas, and positioned VulcanForms’ strategy as an example of how advanced manufacturing can be scaled at home.
Kassekert further noted that the company aims to demonstrate that American manufacturing can be competitive on a global basis when paired with advanced technology and disciplined execution. The combination of new factory development, AI-enabled production systems, and institutional capital support reflects an effort to align manufacturing capacity with national priorities around innovation, security, and resilient supply chains.
Details on the specific locations of the other two planned factories, project timelines, and facility sizes were not disclosed. VulcanForms did not provide additional information on the terms or structure of the $500 million financing beyond noting the lead roles of J.P. Morgan and Apollo-managed funds and the alignment with JPMorganChase’s broader security and resiliency framework.
