3ders.org - Digital Alloys raises $12.9M Series B from G20 Ventures, Boeing for metal 3D printing | 3D Printer News & 3D Printing News

Aug 8, 2018 | By Thomas

Boeing HorizonX says it’s investing in Digital Alloys, a Burlington, Mass.-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 was led by G20 Ventures, while Boeing HorizonX Ventures, Lincoln Electric, and Khosla Ventures also participated. Khosla Ventures is a prior investor which led Digital Alloys’ $5 million Series A round of funding in 2017.

Digital Alloys was founded in 2017 when it was spun out of New Valence Robotics. Digital Alloys developed a patented Joule Printing™ metal additive manufacturing technology, a radically simple new process that uses wire feedstock and high deposition rates to print hard metal parts faster. This new 3D-printing approach can rapidly combine multiple metals into each part, which enhances thermal, electrical, magnetic and mechanical properties. Digital Alloys says its technology avoids the cost and complexity of powder-based systems, and delivers higher resolution than other wire-based 3D-printing techniques.

"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."

Boeing will benefit from Digital Alloys' technology particularly for parts made from titanium and other hard metals. "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.

Today, Boeing has more than 60,000 3D-printed parts flying on space, commercial and defense products. "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," said Schettler.

 

 

Posted in 3D Printer Company

 

 

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