Apr 24, 2018 | By Thomas
Boeing on Monday said its venture arm HorizonX has invested in Morf3D, an El Segundo, California-based additive engineering and manufacturing firm which makes lighter and stronger 3D-printed parts for aerospace applications.
Boeing HorizonX Ventures co-led this Series A funding round. Neither Boeing nor Morf3D detailed the amount of investment, or the size of the stake it obtained.
Established in 2015, Morf3D already provides 3D-printed titanium and aluminum components for Boeing satellites and helicopters. With this investment, Boeing and Morf3D will look for ways to further develop manufacturing processes and engineering capabilities.
"Developing standard additive manufacturing processes for aerospace components benefits both companies and empowers us to fully unleash the value of this transformative technology," said Kim Smith, vice president and general manager of Fabrication for Boeing Commercial Airplanes and Boeing Additive Manufacturing leader.
Morf3D uses state-of-the-art software combined with engineering expertise to reduce mass and increase the performance and functionality of 3D printed metal parts.
In a statement, Morf3D CEO Ivan Madera said his company was “excited to be a distinguished and trusted partner of Boeing’s additive manufacturing supplier base.”
“This investment will enable us to increase our engineering staff and expand our technology footprint of EOS M400-4 DMLS systems to better serve the growing demands of our aerospace customers,” Madera said.
Posted in 3D Printer Company
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