Harris KhanFoundry industry is witnessing a generation shift from the conventional manual processes to highly software and automated machinery. This is the right time to explore innovation and enhance productivity. In this article, I will give a brief overview of the foundry industry and the top 18 startups that are planning to revolutionize the foundry manufacturing industry.
I believe by 2021, almost every foundry will invest in automation and highly software driven machinery, and will follow a few main principles. These principles are:
• Total process integration
• Low cost
• Improve productivity
• Improve quality
• Improve consistency
Brief Overview of Foundry Industry:
Foundry industry is traced back to a melting operation that produced bronze for casting tools and weapons. It constituted one of the earliest sectors for industrialization. It still relies on hand-operated machines, but as the production scale increases, machines and operations need to be automated for both quality and economic benefits.
A foundry refers to a factory that produces castings, which are basic components produced by melting and pouring a metal into a mold. Castings are used in a wide variety of industries including car manufacturing, agricultural equipment, and sea vessels. Certain machining tools are also produced in the same way. The production process includes melting the metal by heating the mold, letting the molten metal cool until it is solid, and then breaking the mold to detach the casting.
The castings can be further processed by machining. Some castings are made of types of alloys, and they can be further hardened by heat treatment. Because of this, mechanical stress and heat are common challenges for many foundries.
Foundry industry can be segmented into four parts:
• Aluminum foundry equipment
• Sand casting foundry equipment
• Steel foundry equipment
• Bronze foundry equipment
The Aluminum Foundry Equipment market is expected to grow at the highest percentage in the forecast period, followed by the Sand Casting Foundry Equipment market, Steel Foundry Equipment market, and the Bronze Foundry Equipment market. The Aluminum Foundry Equipment market is witnessing growth due to factors such as high demand for aluminum alloy castings and use of high-performance light metals in automotive and aerospace applications.
Foundry Companies & Industries:
The market for foundry equipment is expected to grow at the highest CAGR, in terms of both values and units, in the forecast period. The market for stone-melting castings is expected to grow at the highest CAGR within the foundry industry in the forecasted period. The market for steel foundry equipment is expected to grow at the highest CAGR within the steel foundry equipment market, while the market for aluminum foundry equipment is expected to grow at the highest CAGR within the aluminum foundry equipment market.
1. DataProphet
The idea behind this startup: DataProphet is a global leader in Artificial Intelligence (AI) for manufacturing
Headquarters: Cape Town, NA – South Africa, South Africa
Industries: Artificial Intelligence, Automotive, Foundries, Information Technology, Internet of Things, Machine Learning, Manufacturing, Mineral, SaaS, Software
Founders: Daniel Schwartzkopff, Frans Cronje, Richard Craib
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2. Diamond Foundry
The idea behind this startup: Diamond Foundry is America’s #1 producer of diamonds for the jewelry and semiconductor industries.
Headquarters: San Francisco, California, United States
Industries: Consumer Goods, Foundries, Semiconductor
Founders: Martin Roscheisen
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3. Light Touch Technology
The idea behind this startup: Development and manufacture of non-invasive blood glucose level sensor
Headquarters: Osaka-shi, Osaka, Japan
Industries: Foundries, Manufacturing
Founders: Unknown
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4. Technolera
The idea behind this startup: Technolera is a co-foundry and venture building company
Headquarters: Istanbul, Istanbul, Turkey
Industries: Consulting, Coworking, Foundries, Venture Capital
Founders: Altan Atabarut, Ömür Filiz
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5. T3 Girişim Merkezi
The idea behind this startup: T3 Girişim Merkezi enables talented young people and people of all ages to participate in technology development processes.
Headquarters: Istanbul, Istanbul, Turkey
Industries: Foundries, Information Technology
Founders: Unknown
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6. HPC SYSTEMS Japan
The idea behind this startup: Hpc-systems is a Manufacturing Platform.
Headquarters: Tokyo, Tokyo, Japan
Industries: 3D Printing, Foundries, Manufacturing
Founders: Unknown
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7. Zhejiang Qihong Machinery Casting Co., Ltd
The idea behind this startup: Casting parts and accessories for wind power equipment, hydraulic transmission parts and accessories, auto parts and accessories, etc
Headquarters: Linhai, Zhejiang, China
Industries: Foundries
Founders: Unknown
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8. Grameen
The idea behind this startup: GrameenInc is an social enterprise supporting company.
Headquarters: Hyderabad, Andhra Pradesh, India
Industries: Enterprise, Foundries, Social
Founders: Unknown
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9. AWcode
The idea behind this startup: AWcode is a Web Development Agency, Startup Studio and Startup Incubator
Headquarters: Pattaya, Chon Buri, Thailand
Industries: Foundries, Incubators, Web Development
Founders: Mark Walker
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10. MIURA
The idea behind this startup: Miura ia a Manufacturing Company.
Headquarters: Unknown
Industries: 3D Printing, Advanced Materials, Foundries, Manufacturing
Founders: Unknown
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11. Dozer HR Solutions
The idea behind this startup: We develop and deliver strategic solutions to your organization’s HR problems. We specialize in face-to-face training sessions.
Headquarters: Unknown
Industries: Automotive, Construction, Consulting, Corporate Training, Foundries, Human Resources, Manufacturing, Training
Founders: Unknown
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12. International Aluminium Casting, Hultsfred AB
The idea behind this startup: International Aluminum Casting AB is a competent supplier of aluminum products.
Headquarters: Hultsfred, Kalmar Lan, Sweden
Industries: Foundries, Manufacturing
Founders: Unknown
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13. Opolska Izba Gospodarcza
The idea behind this startup: OPOLSKA IZBA GOSPODARCZA is a non-profit organization that focuses on economic development.
Headquarters: Opole, Opolskie, Poland
Industries: Foundries, Government, Non Profit
Founders: Unknown
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14. TFT Pneumatic
The idea behind this startup: TFT-Pneumatic provides top quality tools for use in forges, mines, shipyards, offshore platforms, and FPSO.
Headquarters: Unknown
Industries: Foundries, Mining, Oil and Gas
Founders: Unknown
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15. ROICE ENTERTAINMENT
The idea behind this startup: Roice Entertainment is a Manufacturing Platform.
Headquarters: Osaka-shi, Osaka, Japan
Industries: 3D Printing, Foundries, Manufacturing
Founders: Unknown
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16. D-lightmatter
The idea behind this startup: Delight Matter has expertise in hydromaterials and other soft materials.
Headquarters: Yamagata, Yamagata, Japan
Industries: 3D Printing, Advanced Materials, Foundries
Founders: Unknown
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17. E’Ath
The idea behind this startup: E’Ath Corporation is a manufacturing company
Headquarters: Nagoya, Aichi, Japan
Industries: 3D Printing, Advanced Materials, Foundries, Manufacturing
Founders: Unknown
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18. Xianlin Ventures
The idea behind this startup: Foundation
Headquarters: Unknown
Industries: E-Commerce, Foundries, Innovation Management, Intellectual Property
Founders: Unknown
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