Trinity Capital announces $20M commitment for equipment financing for Formlogic

Trinity Capital announced the commitment of $20M in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies. Formlogic is changing how precision parts are sourced and manufactured by separating engineering from physical labor. Through a combination of remote AI-based planning and autonomous production, the company has created software that performs the simulations needed to produce effectively, replacing the guess-and-check method usually done by a skilled worker. Formlogic has factories located in Pittsburgh spanning over 50,000 square feet. This growth capital will enable the company to acquire new CNC machines and continue to scale operations.