Alloyed Ltd, the world-leading developer and manufacturer of advanced metallic components for aerospace and electronics, has today announced the completion of a £37m Series B funding round.
The fundraise will be used to expand Alloyed’s manufacturing facilities in Abingdon, UK, and Seattle, USA, as well as accelerating the development of its digital platforms for the design and processing of improved alloys and alloy components.
Led by Japanese investors SPARX and the Development Bank of Japan, with participation from Aviva Investors and German-based Future Industry Ventures (a Redstone and SBI fund), the round adds to existing investors Oxford Science Enterprises, JX Advanced Metals, and Anglo American plc.
A spinout from Oxford University eight years ago, Alloyed designs and manufactures the world’s most advanced metallic alloys and is at the forefront of the emerging automated design and manufacturing sector.
Its current customers include Boeing, Microsoft, Anglo American and BMW, with its applications spanning a wide range of industries – including lightweight antennas and structural components for satellites, high-temperature-resistant alloys for jet engines, as well as precision parts for jewellery, wearables such as virtual reality headsets, and smartwatches.
The company is focused on automated design and manufacturing through additive manufacturing, or industrial-scale ‘3D printing’, which combines many functions into one metal part. Alloyed’s UK base in Abingdon is already home to one of the largest fleets of Additive Manufacturing machines in Europe.
High-performance metallic alloys will have a significant role to play in future industries and the energy transition, as companies seek to deploy ever stronger and lighter metals to meet the demands of next-generation technologies.
