Massachusetts Institute of Technology spin-off Foundation Alloy has raised $22 million in Series A funding, led by Voyager Ventures with participation from Yamaha Motor, Kanematsu Corporation, and others. Its MetalsFIRST platform is a fully integrated solid-state metallurgy system covering composition design, mechanical alloying, forming, and sintering, entirely without melting. The Molyclast MC1200 molybdenum alloy exhibits three times the strength of commercial alternatives. The company will build a new 36,000-square-foot facility in Massachusetts, aiming to scale production from pilot to several tons per week by 2027. It is expanding from molybdenum-based alloys to ferrous alloys (stainless steel, tool steel, specialty steels), with near-term targets in cutting tools and blades, and long-term opportunities in aerospace components, defense systems, and next-generation energy technologies.