Nox Metals: a seven-month-old startup raises $11.5 million

DETROIT. Nox Metals, a Southwest Detroit startup that's seven months old, has closed an $11.5 million seed round led by New York's Hyperion. Y Combinator, Palmer Luckey, RoboStrategy, Alumni Ventures, Operator Collective and DTX Ventures all joined in. The company makes custom aluminum blocks for CNC machining and uses AI automation to cut production lead times from days down to seconds.

CEO Zane Hengsperger plans to use the money to renovate a 30,000-square-foot, World War II-era factory in Detroit this summer, adding room to hire and scale up production.