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Boeing HorizonX Invests 3D Printing Company

: Aug 8, 2018 - : 12:37 am

Boeing announced its investment in Digital Alloys, Inc., a Burlington,Massachusetts-based company developing high-speed, multi-metal additive manufacturing systems that produce 3D-printed parts for aerospace and other production applications.

The $12.9 million Series B financing round announced  was led by G20 Ventures. Other participants in the round include Lincoln Electric and Khosla Ventures, a prior investor. Boeing HorizonX didn’t announce how much it was putting in, but its investments are typically in the multimillion-dollar range.

Digital Alloys’ Joule Printing™ technology can combine multiple metals into each part, which enhances thermal, electrical, magnetic and mechanical properties. The process allows metals like titanium and high-temperature alloys to be 3D-printed for parts that could be used on Boeing products.

“Our investment in Digital Alloys will help Boeing produce metal structural aerospace parts faster and at higher volume than ever before,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “By investing in companies with emerging additive manufacturing technologies, we aim to strengthen Boeing’s expertise and help accelerate the design and manufacture of 3D-printed parts to transform production systems and products.”

“Our novel Joule Printing process is faster, more cost-effective, and more reliable than other approaches,” said Duncan McCallum, CEO of Digital Alloys. “Partnering with Boeing will make us a smarter, stronger company. We are committed to enabling Boeing and other leading manufacturers to create valuable new products quickly and at less cost by incorporating metal 3D printing into their production.”

 

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