About Alloy Enterprises
Alloy Enterprises is a company based in Somerville (United States) founded in 2020 by Andrea Bedell and Alison Forsyth was acquired by Johnson Controls in February 2026.. Alloy Enterprises has raised $33.72 million across 5 funding rounds from investors including MassMutual, Lockheed Martin and Johnson Controls. Alloy Enterprises offers products and services including Thermal Management Components and Custom Thermal Solutions.
- Headquarter Somerville, United States
- Founders Andrea Bedell, Alison Forsyth
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Alloy Enterprises, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.72 M (USD)
in 5 rounds
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Latest Funding Round
$26 M (USD), Series A
May 17, 2023
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Investors
MassMutual
& 9 more
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Employee Count
Employee Count
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Acquired by
Johnson Controls
(Feb 21, 2026)
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Products & Services of Alloy Enterprises
Alloy Enterprises offers a comprehensive portfolio of products and services, including Thermal Management Components and Custom Thermal Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Thermal management components are developed by Alloy Enterprises for superior heat transfer in leak-tight, single-piece designs, primarily serving data centers and defense applications
Custom thermal solutions are engineered by Alloy Enterprises to address specific needs in industrial and sustainability sectors, incorporating patented processes for enhanced performance
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Funding Insights of Alloy Enterprises
Alloy Enterprises has successfully raised a total of $33.72M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $26 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $26.0M
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First Round
First Round
(22 May 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Alloy Enterprises | Valuation | Piva Capital | |
| Aug, 2022 | Amount | Series A - Alloy Enterprises | Valuation | Lockheed Martin | |
| Mar, 2021 | Amount | Series A - Alloy Enterprises | Valuation | Congruent Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alloy Enterprises
Alloy Enterprises has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include MassMutual, Lockheed Martin and Johnson Controls. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Piva Capital is focused on investing in industrial technologies.
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Founded Year | Domain | Location | |
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Venture capital investments are made in industrial system innovations by Unless.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by Flybridge Capital Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alloy Enterprises
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alloy Enterprises
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alloy Enterprises Comparisons
Competitors of Alloy Enterprises
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Alloy Enterprises
When was Alloy Enterprises founded?
Alloy Enterprises was founded in 2020.
Where is Alloy Enterprises located?
Alloy Enterprises is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Alloy Enterprises?
Alison Forsyth is the current CEO of Alloy Enterprises. They have also founded this company.
Is Alloy Enterprises a funded company?
Alloy Enterprises is a funded company, having raised a total of $33.72M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.32M, raised on May 22, 2020.
What does Alloy Enterprises do?
Alloy Enterprises was founded in 2020 in Somerville, United States, by co-founders Alison Forsyth and Andrea Bedell. Operations are centered on the manufacturing of lightweight aluminum products within the materials sector. Production focuses on aluminum components designed for weight reduction in various applications. The company is headquartered in Somerville, with activities conducted primarily in the United States. Leadership is provided by the co-founders serving as CEO and COO.
What products or services does Alloy Enterprises offer?
Alloy Enterprises offers Thermal Management Components and Custom Thermal Solutions.
Who are Alloy Enterprises's investors?
Alloy Enterprises has 10 investors. Key investors include MassMutual, Lockheed Martin, Johnson Controls, Piva Capital, and Unless.