Former Anduril engineer and founder of the startup CompositeX has raised $42 million in a Series A funding round to create a marketplace for composite parts. The funding round closed in early June 2026 and aims to streamline procurement for aerospace, automotive, and defense sectors by offering a centralized platform for composite materials and components.
The Series A round was led by venture capital firm Forge Ventures, with participation from strategic investors including aerospace manufacturers and supply chain specialists. CompositeX was founded in 2024 by the ex-Anduril engineer who identified inefficiencies in sourcing composite parts across industries. The startup’s platform aggregates suppliers and buyers, providing real-time inventory and pricing data to reduce lead times and costs.
Composite materials are increasingly critical in high-performance manufacturing, but procurement remains fragmented and complex. CompositeX’s marketplace model draws parallels to Amazon’s impact on retail by digitizing and consolidating supply chains. The $42 million raise follows growing investor interest in supply chain digitization startups, with comparable deals in the industrial tech space reaching similar valuations in 2025 and 2026.
CompositeX plans to use the new capital to expand its supplier network and enhance its technology platform. The company reported onboarding over 100 suppliers and completing pilot programs with three major aerospace firms by May 2026, signaling early traction in a market estimated to reach $30 billion by 2030.