Boeing HorizonX Ventures, the venture capital arm of aerospace giant Boeing, is continuing its financial support of metal additive manufacturing company Morf3D Inc., which just secured a new round of funding from the VC firm. Though the specific details of the investment were not disclosed, the companies say the funding will enable Morf3D to meet growing customer demand.
The funding announcement comes just over a year after Morf3D first received backing from Boeing Horizon X. Founded in 2015, the El Segundo, California-based company specializes in precision manufacturing and engineering for the aerospace sector. Specifically, it works with clients in the industry to develop, qualify and manufacture complex, lightweight, flight-ready parts. To date, Morf3D has worked with aerospace OEMs including Boeing, Honeywell and Collins Aerospace.
“Our latest strategic investment in Morf3D extends our commitment to our Industry 4.0 efforts —technologies that can transform aerospace supply chains for future growth and competitiveness,” said Brian Schettler, Senior Managing Director, Boeing HorizonX Ventures. “We continue to work closely with Morf3D to help them bring innovation through additive manufacturing to more aerospace manufacturing partners.”
With the funding from Boeing HorizonX Ventures, Morf3D will continue to expand its additive manufacturing footprint, increase its investments in precision machining technology and grow its workforce. These steps are being taken in order to meet an ever-growing demand for the young company’s services and products.
“It is amazing to see our strategy come to life! Our vision to become a world-class leader in metals additive manufacturing for the aerospace industry is truly taking form,” said Ivan Madera, Morf3D’s founder and CEO. “At Morf3D, we don’t sell parts in the traditional sense. We sell a process that evokes certainty.”
Morf3D has become such a key company in the intersecting aerospace and AM industries because of its ability to combine cutting edge software and engineering practices to produce complex, high-performing aircraft parts which are more lightweight than traditionally manufactured components.