[EAST LANSING, Michigan] 3DFoundri, Inc., a high-tech startup in Michigan’s Capitol Region, is pleased to announce that the company has secured over $35,000 in funding from individual investors in the Grand Rapids Angels towards its planned $350K pre-seed investment round, which is slated to close by the end of June.
3DFoundri’s earlier pre-seed investors included Red Cedar Ventures (a subsidiary of Michigan State University Foundation) and another individual investor in the fall of 2020. They have raised a total of $195K in funding to date.
3DFoundri is using the investment to hire a full-time mechanical engineer to drive experiments in MAF polishing at the headquarters in the Van Camp Incubator Center + Research Labs in East Lansing, Michigan. 3DFoundri has already demonstrated ultra-polishing of steel and is now working on MAF grinding to remove fine machining lines in the CNC process. This technology will help to improve manufacturing efficiency in the area of metal polishing for automotive and other applications.
“We are thankful to our investors for their support of our transition from a concept toward a fully validated technology,” said Ken Foster, co-founder and CEO/president. “We hope to fully commercialize aspects of it later this year.”
3DFoundri was formed in 2020 by MSU Professors Haseung Chung, Patrick Kwon and industry veteran Ken Foster to create a commercial source of high-performance magnetic field assist slurry for ultra-polishing all sorts of metals, including injection mold graded steel. Its base technology is patent pending through work done at MSU, and 3DFoundri has the taken the option to commercialize it. Dr. Foster serves as the company’s CEO and president while Professors Kwon and Chung serve as co-founders and technical advisors to the team at 3DFoundri.
For more information, please contact:
Ken Foster, Ph.D.
CEO & President