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Metal 3D printing startup, Digital Alloys, which claims it can make production-quality parts out of almost any metal, raised $12.9 million in Series B funding that brings the company's total funding to $17.9 million, to date.
The round was led by G20 Ventures and joined by Boeing HorizonX Ventures, Lincoln Electric, and prior investor Khosla Ventures. The company also announced that it holds two patents for Joule printing, which is a metal additive manufacturing technology that uses wire feedstock and high deposition rates to print the hardest metal parts faster and at a low cost. Proceeds from this round will go to expanding the company's technology and services.
Boeing will benefit from Digital Alloys' technology as it continues to support additive manufacturing innovations, particularly for parts made from titanium and other hard metals.
"Our investment in Digital Alloys will further Boeing's ability to produce a higher volume of metal structural aerospace parts faster than ever before," said Brian Schettler, managing director of Boeing HorizonX Ventures.
The company was founded in 2017 and is headquartered in Burlington, Massachusetts.
