The British company Alloyed Ltd has completed a Series B financing round of 37 million pounds. The funds will be invested in the expansion of the production facilities in Abingdon (UK) and Seattle (USA) and in the further development of digital platforms for the design and processing of new alloys. The financing round was led by Japanese investors SPARX and the Development Bank of Japan, with participation from Aviva Investors and Future Industry Ventures from Germany. Existing investors such as Oxford Science Enterprises and JX Advanced Metals are also supporting the expansion.
Alloyed is a spin-off from Oxford University and develops high-performance metal alloys used in the aerospace and electronics industries, among others. The company focuses on automated design and manufacturing processes in the field of industrial 3D printing. Additive manufacturing enables the production of complex metal components with improved mechanical properties and reduced costs. Alloyed’s customers include Boeing, Microsoft, Anglo American and BMW. Applications range from lightweight antennas for satellites and heat-resistant alloys for jet engines to precision parts for jewelry and wearables.
Michael Holmes, CEO of Alloyed, said: “After 5,000 years, metal remains the material of choice for the toughest jobs, and our mission is to harness our digital platforms to make metal components lighter, stronger, and more precise, all while reducing costs and maximising sustainability. We’re excited to welcome this exceptional group of new investors, enabling us to accelerate investment in our digital tools and expand our certified production facilities both in the UK and the US. Automated design and manufacturing is an industry where the UK, with our expertise in materials science and world class engineering capability, has the potential to lead on the global stage and Alloyed is at the forefront of this transformation.”
Takaki Demichi, Director and Head of Investment for Next-Generation Growth Division at SPARX Asset Management, said: “Additive manufacture has great promise for the energy transition and future products across a range of industries, but has been held back by a range of engineering challenges which we believe are directly addressed by Alloyed’s materials, processing, design, and production technologies and its highly data-driven approach.”
The collaboration with Alloyed offers an opportunity to establish new technologies in alloy production and to further develop industrial production. With the new funding, Alloyed plans to consolidate its role in additive manufacturing and further advance the development of new materials and production processes.
Yuki Takemori, General Manager of Innovation Promotion Office at Development Bank of Japan, said: “Our team recognises the value of companies with their roots in academia. Alloyed is at the forefront of innovation in the manufacturing sector and a natural partner for us. Japan has a well-established ecosystem of small and medium-sized manufacturing enterprises in alloy production and our collaboration with Alloyed will enhance the sector even further. With this new partnership, we will create a model case for commercialising technology – cultivated in one of the world’s leading academic institutions.”
Metal Binder Jetting: The Key to Efficient Tool Manufacturing? - Exclusive Insights from INDO-MIM
Fill out the form and get instant access to an exclusive webinar on HP's Metal Binder Jetting 3D printing technology with exciting insights from INDO-MIM.Subscribe to our Newsletter
3DPresso is a weekly newsletter that links to the most exciting global stories from the 3D printing and additive manufacturing industry.
