Continuum raised a total of $36 million to accelerate the expansion of 100 percent recycled commercial metal powder production to meet the growing customer demand for sustainable materials.
The company, that is based in Los Gatos, California, is a leader in sustainable metal recycling and supply and a leading producer of high-quality additive manufacturing material.
The funding round was led by Ara Partners (“Ara”).
Its partnership with Ara will also support the international growth of the company and the conduct of continued research into adjacent technologies and customer applications.
Continuum™ is advancing the world of additive manufacturing and metallurgy industries by providing the highest quality ISO/AS certified metal alloy powders using its proprietary process.
“The additive manufacturing powder market is expected to more than triple over the next five years as the 3D printing industry hits a commercial inflection point. Ara’s investment allows us to supply the industry’s growth with a sustainable solution,” said Phil Ward, Continuum’s CEO.
Ward said Ara has demonstrated experience scaling businesses that support the transition to a circular economy, and we look forward to working with them as a strategic and financial partner.
Founded in 2015 as Molyworks, Continuum™ is a sustainable metal recycling company, with locations across the United States and in Singapore.
Continuum™, the newly minted commercial arm of MolyWorks Materials Corporation, gives emphasis on the critical role that the company plays in accelerating the adoption of circular manufacturing.
It addresses the missing link in the circular metal supply chain through its unique ability to produce high-quality materials for engineered parts through 100 percent recycled and responsibly sourced materials.
Cory Steffek, a partner at Ara, said creating a circular metals economy is critical in meeting the world’s sustainability goals.
Titanium, stainless steel, and Inconel alone account for tens of millions of tons of scrap metal each year that will need to be repurposed in the new sustainable economy.
Steffek said he is especially excited of the opportunity to help Continuum™ scale and address these enormous hurdles.
Continuum’s Optipowder has complete traceability and maximum purity. It is ISO/AS certified and engineered for multiple applications including Additive Manufacturing, Metal Injection Molding, Cold Spray, and more.
At present, over 30 different alloys and thousands of variations have been produced. Continuum™ is headquartered in Los Gatos, California.