Trinity Capital committed $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies.
Formlogic has factories located in Pittsburgh spanning more than 50,000 square feet. This growth capital will enable the company to acquire new CNC machines and continue to scale operations.
“The manufacturing sector is home to some of the most innovative ideas in the medical, semiconductor, and aerospace industries and we’re excited to add Formlogic to our portfolio,” Ryan Little, senior managing director of equipment financing at Trinity Capital, said. “We look forward to supporting the company’s growth as it continues to scale.”
“Formlogic is on a mission to help modernize the industrial supply chain and ensure tens of billions of dollars in skilled manufacturing remains in the U.S.,” Paul Sutter, CEO and founder of Formlogic, said. “We appreciate all of Trinity’s support, and we’re excited to have them as a partner as we onboard our next factories.”
