Alloyed raises £37 million to innovate in advanced metals at international scale
- Alloyed secured £37 million in investments from British, Japanese, and German backers.
- Funding will be used to enhance digital design capabilities and expand production facilities.
- This initiative aims to address demands in various high-tech industries including aerospace and automotive.
In an important development for the advanced metals industry, Alloyed, a company founded by aerospace materials engineers from the University of Oxford, has successfully raised £37 million from both British and international backers. This fundraising effort, which involved investors from Japan and Germany, aims to further develop their digital design software and boost additive manufacturing capabilities in the UK and globally. The investment will allow Alloyed to expand its operations by doubling its specialist 3D printers present in their facilities located in Oxfordshire and the United States. This strategic move will enable the company to digitally design new metal alloys and streamline the instructions for their 3D printing machines. Industries such as aerospace, automotive, defense, data centers, and wearable electronics are among the key sectors that Alloyed serves, consistently delivering high-performance components with a focus on quality and standardization in production. The involvement of significant investors like Aviva Investors and Future Industry Ventures underlines the confidence in Alloyed's potential to reshape the metals market through innovation and digital technology. As the market becomes increasingly competitive, the success of this fundraising round highlights both the demand for advanced manufacturing solutions and the growth opportunities available within the industry.