Boeing HorizonX Invests in 3D Printing Company
The investment in Digital Alloys, Inc., a Burlington, Mass.-based company by Boeing HorizonX is a huge step forward. As the company focuses on high-speed, multi-metal additive manufacturing systems that produce 3D-printed parts for aerospace and other production applications.
August 13, 2018
By PLA Editorial
Additive manufacturing generates value for Boeing by reducing the cost and time needed to design, build and deliver products to customers. Today, Boeing has more than 60,000 3D-printed parts flying on space, commercial and defense products. This investment is the latest example of the company’s commitment to additive manufacturing innovation.
Boeing HorizonX Ventures participated in Digital Alloys’ Series B funding round led by G20 Ventures, with participation by Lincoln Electric and Khosla Ventures. The Boeing HorizonX Ventures investment portfolio is made up of companies specializing in autonomous systems, energy and data storage, advanced materials, augmented reality systems and software, machine learning, hybrid-electric and hypersonic propulsion, and Internet of Things connectivity.
Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.