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Boeing adds to its investment in Morf3D venture

30 Aug 2019, 17:29 UTC
Boeing adds to its investment in Morf3D venture
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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.
Get the full story on GeekWire.

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