Boeing adds to its investment in Morf3D venture

Ivan Madera
Morf3D CEO Ivan Madera says the company’s vision of becoming a world-class leader in metals additive manufacturing for the aerospace industry is “truly taking form.” (Morf3D Photo via PRNewswire)

Boeing’s venture capital arm has added to its investment in Morf3D, a California startup that focuses of aerospace applications for 3-D printing.

The fresh investment, announced today, follows a Series A investment round that Boeing HorizonX Ventures co-led back in April 2018. The precise amount of the investment hasn’t been released, either for last year’s round or for the newly reported round. However, HorizonX’s investments are typically in the range of seven figures or the low eight figures.

Since its founding in 2015, Morf3D has taken on 3-D printing projects for Boeing as well as Honeywell, Collins and other aerospace companies. Its work for Boeing has focused on aluminum and titanium components for satellites and helicopters.

In today’s news release, Morf3D said the fresh funding follows a significant increase in customer demand.

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Boeing HorizonX invests in Morf3D for 3-D printing

Morf3D innovation center
Morf3D’s R&D Innovation Center is aimed at advancing the state of additive manufacturing. (Morf3D Photo)

The latest addition to Boeing’s venture-capital portfolio is Morf3D, a California startup that focuses on aerospace applications for 3-D printing.

Boeing HorizonX Ventures is a co-leader of the Series A investment round, announced by the companies today. Neither Boeing nor Morf3D detailed how much Boeing was investing, or the total amount raised. However, HorizonX’s investments typically range from seven figures to the low eight figures.

Morf3D is based in El Segundo, Calif., and has been producing 3-D-printed aluminum and titanium components for Boeing satellites and helicopters since the startup was founded in late 2015.

The company uses state-of-the-art software and engineering expertise to reduce mass and increase the performance and functionality of metal parts created through additive manufacturing.

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