Boeing HorizonX Ventures invests in Digital Alloys 3D printing

Boeing [NYSE: BA] has announced it has invested in metal 3D printer Digital Alloys, Inc. the company said.

Digital offers high-speed multi-metal additive manufacturing systems that produce 3D-printed parts for aerospace and other production applications.

Patented multi-metal additive manufacturing system enables rapid, low-cost production of aerospace-quality 3D-printed partsDigital Alloys´ Joule Printing technology can rapidly 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.

Digital Alloys developed a patented 3D-printing approach that avoids the cost and complexity of powder-based systems, and delivers higher resolution than other wire-based 3D-printing techniques.

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.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top US exporter, the company supports airlines and US and allied government customers in more than 150 countries.