Radian Forge, based in Portsmouth, Virginia, has closed a $2.5 million Series Seed Preferred round announced September 15, 2026. Veteran Ventures Capital led the round through its Fund II; the Virginia Innovation Partnership Corporation (VIPC) and existing investors also participated. VVC general partner Joshua Weed joins Radian Forge’s board.
The company builds large metal components with wire arc additive manufacturing (WAAM): a robot-guided welding arc melts metal wire and deposits it layer by layer, a process suited to large parts that would otherwise be cast or forged. Radian Forge says the resulting material properties fall between castings and forgings, and that WAAM cuts production lead times by 40% to 80% while each robot needs only one operator. Those two figures are the company’s core pitch to a maritime sector where replacement parts can take months to source through traditional foundries.
The seed round follows a $10.5 million Portsmouth expansion Radian Forge announced in February 2026, which is expected to create 53 jobs and was backed by a $265,000 Virginia Opportunity Fund grant. VIPC’s stake in the new round is a direct equity investment on top of that grant.
Radian Forge sits in a small field of funded WAAM players. AML3D has installed its largest ARCEMY platform at a U.S. Navy Additive Manufacturing Center of Excellence. DEEP Manufacturing got DNV Approval of Manufacture in October 2025 for WAAM pressure vessels and hull structures and is opening a 50,000 sq ft Houston facility as part of a planned $10 million U.S. investment by the end of 2026. Amsterdam’s MX3D raised €7 million in a Series A led by EDF Pulse Ventures for its M1 Metal AM System.
None of the sources give Radian Forge’s headcount, current revenue, build volume, or a timeline for qualifying parts for shipboard use.