Aerospace AMMoney & Funding

Morf3D to expand additive footprint with investment from Boeing HorizonX Ventures

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

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.”

Morf3D Boeing HorizonX investment
Morf3D Additive Manufacturing Innovation Center in El Segundo, CA

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.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Tess Boissonneault

Tess Boissonneault is a Montreal-based content writer and editor with five years of experience covering the additive manufacturing world. She has a particular interest in amplifying the voices of women working within the industry and is an avid follower of the ever-evolving AM sector. Tess holds a master's degree in Media Studies from the University of Amsterdam.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.