Boeing HorizonX Ventures investing in metal Additive Manufacturing company Morf3D
September 16, 2019
Metal Additive Manufacturing company Morf3D Inc., El Segundo, California, USA, which specialises in precision manufacturing and engineering for aerospace, reports that it has secured a new round of funding from Boeing HorizonX Ventures following a significant increase in customer demand.
Since the company was established in 2015, Morf3D has helped clients develop, qualify and additively manufacture highly-complex structures for flight. It currently serves a number of the world’s largest aerospace OEMs, including Boeing, Honeywell, Collins Aerospace and others.
“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,” stated 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.”
Following the recent increase in demand, Morf3D has expanded its Additive Manufacturing footprint, increased its investment in precision machining technology and doubled its workforce with additional engineering, quality and support staff. “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,” added Ivan Madera, Morf3D’s founder and CEO.
