Alloyed Ltd Secures £37M Series B Funding to Revolutionize Metal Alloy Manufacturing
Alloyed Ltd has raised £37 million in Series B funding to advance metal alloy manufacturing. The company plans to use these funds to expand its production capabilities in the UK and US and improve its digital platforms for high-performance alloys.
Alloyed’s Expansion and Investment in Additive Manufacturing
The funding round was led by SPARX and the Development Bank of Japan, with participation from Aviva Investors and Future Industry Ventures. As a result, Alloyed will use the investment to further develop its digital design and manufacturing capabilities. Consequently, these advancements are transforming industries such as aerospace, automotive, and electronics.
Innovative Metal Alloy Solutions for Critical Applications
Alloyed, founded as a spinout from Oxford University, specializes in advanced metal alloys. Its products serve industries like satellite technology and jet engine manufacturing. The company counts Boeing, Microsoft, Anglo American, and BMW as key customers.
Alloyed is recognized for its expertise in industrial-scale Additive Manufacturing. This method allows for the creation of complex metal components that combine several functions into a single part. Alloyed’s UK facility in Abingdon houses one of the largest fleets of Additive Manufacturing machines in Europe.
Metal Alloys Driving Future Technologies
The demand for high-performance metal alloys continues to grow. Furthermore, these alloys play a significant role in industries focused on energy transition and next-generation technologies. Alloyed’s digital tools, therefore, help create lighter, stronger, and more precise components, all while reducing costs and improving sustainability.
Michael Holmes, CEO of Alloyed, shared his enthusiasm about the funding. “Metal remains the material of choice for tough jobs. Our goal is to make components lighter, stronger, and more precise, while maximizing sustainability,” he said.
The Future of Additive Manufacturing and Alloyed’s Role
Alloyed is revolutionizing the manufacturing process. By combining digital design with Additive Manufacturing, the company offers more efficient and sustainable solutions. Alloyed’s focus on reducing material waste and energy consumption positions it as a leader in the future of alloy production.
Takaki Demichi from SPARX noted, “Additive manufacturing has great potential for the energy transition and future products. Alloyed’s technologies solve many engineering challenges.”
Conclusion
Alloyed’s Series B funding marks an important milestone. With new investment, Alloyed is expanding its production capacity and continuing to innovate in the metal alloy manufacturing sector. The company’s commitment to digital and Additive Manufacturing technologies ensures its leadership in high-performance alloys for the future.
Leave a Reply
You must be logged in to post a comment.