Jul 16, 2025 - Technology

Exclusive: Drone-printer Firestorm eyes expansion after $47 million round

Colin Demarest

Two men sit on stage with microphones. The backdrop is blue. A man in a suit stands offstage to the right. — Firestorm CEO Dan Magy speaks at an Axios event in Paris in June. Photo: Chris Athanasiou on behalf of Axios

Firestorm Labs plans to move into a larger production facility, grow its fleet of airliftable xCell factories and cook up additional drone designs on the heels of a $47 million Series A.

Why it matters: The California-based company is 3D printing the types of weapons and tools that define the Russia-Ukraine war.

It's also inked contracts with the U.S. Defense Department, including one with the Air Force worth as much as $100 million.

Follow the money: The round was led by New Enterprise Associates. Washington Harbour Partners and the investing arms of Lockheed Martin and Booz Allen Hamilton are among the other backers.

The total includes $12 million in venture debt from JPMorgan.

What they're saying: "We're building out the decentralized factory of the future," Firestorm CEO Dan Magy told Axios. "We want to be that manufacturing layer."

The company has multiple drones in the works, ranging from Group 1 to Group 3. Tempest is its original offering.

Zoom in: Firestorm this month said it secured exclusive distribution rights from HP for its Multi Jet Fusion 3D printing technologies.

The arrangement is a "game-changer," according to Firestorm's chief technology officer, Ian Muceus.
"We're excited to keep pushing boundaries, fine-tuning print settings, developing new materials, and maximizing throughput, material properties, and lightweighting."

What's next: Firestorm is shipping an xCell to Detroit for the Reindustrialize conference. Magy calls it the "road show."

Go deeper: Inside Firestorm Labs, where deadly drones are printed

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Exclusive: Drone-printer Firestorm eyes expansion after $47 million round

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