$138M to Support Ursa Major’s 3D Printed Rocket Engines

Share this Article

Earlier this year, TechCrunch revealed that Ursa Major Technologies, the Colorado-based startup specializing in using additive manufacturing (AM) for modular rocket engines, had taken in $100 million in its Series D financing round. Now, Ursa Major has announced that it extended the fundraising round to include a Series D-1 round, which landed the company an additional $38 million, bringing the total raised this year to $138 million.

Less than two weeks prior to the announcement, Ursa Major had announced the company’s Lynx platform, for modular 3D printing of solid rocket motors (SRMs). According to Ursa Major’s CEO, Joe Laurienti, supporting the development of Lynx will be one of the primary uses of the Series D-1 funds:

In a press release about Ursa Major’s $38 million in Series D-1 funding, Laurienti said, “In the year since our last funding round, Ursa Major has secured significant commercial and government customers, delivered dozens of flight-ready engines, introduced new engine concepts, and worked to address critical gaps in our nation’s defense. This includes developing Lynx, a line of solid rocket motors that can deliver urgently needed capabilities. This investment will support scaling our production capacity to meet strong market demand, as well as continued technology innovation for our medium- and heavy-weight propulsion systems.”

Greg Reichow, a partner at VC firm Eclipse, one of the leads of the Series D and D-1 rounds, said, “Ursa Major propulsion systems fill a critical gap in the defense industrial base today. For the U.S. and its allies, the ability to deter threats will depend on our ability to produce innovative solutions utilizing modern manufacturing methods that are not dependent on fragmented supply chains. Ursa Major’s team possesses the technical prowess to deliver the high production rates, low cost, and advanced technology needed to help maintain national security.”

These days, SRMs are most commonly used for man-portable missile systems like Stingers and Javelins. In an interview about the Lynx platform with Ursa Major’s chief operating officer (COO), Nick Doucette, the COO explained, “We’re starting to wake up to the fact that we have to be careful about maintaining the types of manufacturing capabilities the US really needs to continue its position as a world leader.”

The fact that further development of Lynx was the pivotal reason behind Ursa Major’s offering of the Series D-1 round confirms the extent to which decision-makers in the US defense industrial base (DIB) are turning to AM as the central solution to the US’s struggle to reshore manufacturing. A crucial thing to keep in mind is the sheer pace at which this is all happening: those with the responsibility for managing the DIB can’t wait for “perfect” solutions, they can only try to support the best available solutions at any given time.

In that sense, most everyone who follows the advanced manufacturing landscape at this point knows that AM comprises the area of Industry 4.0 that is most technologically mature. Thus, while the preparatory stage for the US AM buildup has often felt excruciatingly slow, the buildup proper will likely take off at a pace that feels overwhelmingly fast. There are no guarantees that 2024 will be the year when that reality takes hold, but the trajectories of many critical spheres across the whole global economy do seem to be lining up that way.

Share this Article

Recent News

3D Printing News Briefs, July 13, 2024: Metal 3D Printer, AFWERX Award, & More

3D Printing Markets Grows 8% Year over Year


3D Design

3D Printed Art

3D Printed Food

3D Printed Guns

You May Also Like

Vision Miner Acquires its 3D Printer Supplier AddWise

Vision Miner, a provider of industrial 3D printing solutions, has announced the acquisition of AddWise, a manufacturer of 3D printers and related products, in a deal valued that the companies...

“Auto Repair Needs 3D Printing” – Harold Sears Weighs in on Auto Additive’s Launch

Despite the automotive sector’s long-time adoption of additive manufacturing (AM), the use of the technology for end parts in consumer vehicles is only just now beginning to take off. And,...


Formlabs Buys Nascent SLS 3D Printer Competitor Micronics

Formlabs, maker of accessible yet professional 3D printers, has acquired Micronics, which recently debuted with a claim of making a $2,999 3D printer. I, for one, was pretty incredulous about...

The Producers: HP’s President of 3D Printing Savi Baveja Explains How the Company is Addressing Scalability

HP (NSYE: HPQ) and the additive manufacturing (AM) industry in the US need each other. In the long run, I believe that what’s good for one will be good for...