Boeing Invests in 3D Printing Company
Boeing's announcement of the investment in Digital Alloys, Inc. said Boeing currently more than 60,000 3D-printed parts flying on space, commercial, and defense products.
Boeing announced Aug. 7 that it has invested in Digital Alloys, Inc., a Burlington, Mass.-based company that offers high-speed, multi-metal additive manufacturing systems that produce 3D-printed parts. Digital Alloys' Joule Printing™ technology can rapidly combine multiple metals into each part, which enhances thermal, electrical, magnetic, and mechanical properties; the process allows metals such as titanium and high-temperature alloys to be 3D printed for parts that could be used on Boeing's products.
Boeing's announcement of the investment said Boeing currently more than 60,000 3D-printed parts flying on space, commercial, and defense 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."
Boeing HorizonX Ventures participated in Digital Alloys' Series B funding round led by G20 Ventures, with participation by Lincoln Electric and Khosla Ventures.