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Digital Alloys: Develops Joule Printing, a patented technology for high-speed metal 3D printing, producing production parts at lower cost.
Founded in 2017 by CEO Duncan McCallum, Digital Alloys is a Burlington, Massachusetts enterprise developing Joule Printing, a patented high-speed metal 3D printing technology. The company currently operates as a service provider supplying printed metal parts to over a dozen companies, with plans to sell its printers directly to industrial customers. By utilizing this specialized process, the firm aims to undercut traditional manufacturing costs by 25 to 50 percent while maintaining a workforce of 11 to 50 employees and generating under $5 million in annual revenue. Digital Alloys has secured $18.7 million in total funding across four rounds, including a $12.9 million Series B financing round led by G20 Ventures. Additional prominent investors include Boeing HorizonX Ventures, Lincoln Electric, and Khosla Ventures, who support a leadership team that recently added Carl Calabria as Chief Technology Officer.
Digital Alloys has raised $18.0M across 2 funding rounds.
Digital Alloys has raised $18.0M in total across 2 funding rounds.
Digital Alloys was a technology company founded in 2017 that developed Joule Printing, a patented high-speed metal additive manufacturing technology using joule heating to melt metal wire from within, enabling faster production speeds (targeting 5-10 kg/hour), lower costs, and high-quality parts rivaling conventional manufacturing.[1][2][3] It targeted industries using hard-to-machine metals like titanium, tool steel, nickel alloys, and stainless steel, initially providing printed parts to cut production costs without part redesigns, with plans to ship printers in early 2020.[1] The company raised $12.9 million in Series B funding but ultimately failed to fully commercialize and permanently closed in July 2021.[2]
Digital Alloys was founded in 2017 in Burlington, Massachusetts, with Duncan McCallum as CEO, focusing on disrupting metal 3D printing amid a surge in new market entrants.[1][2] The core invention stemmed from observations on optimizing printing speed via efficient internal heating of inexpensive wire feedstock, minimizing steps for melting and deposition, and enabling precise voxel-level control for repeatable quality.[3] Early traction included the 2018 Series B round from high-profile investors to fund Joule Printing development, positioning it for desktop metal prototyping with any metal wire; however, it couldn't bring products to full market scale before closing in 2021.[1][2]
Digital Alloys stood out in metal additive manufacturing through these key features of Joule Printing:
Digital Alloys rode the rise of metal 3D printing in the late 2010s, addressing limitations in speed, cost, and material range to enable production-scale adoption amid Industry 4.0 trends like digital manufacturing and on-demand inventory.[1][4] Its timing aligned with growing demand for affordable AM in aerospace, defense, and tooling, where hard metals drove high machining costs—Joule Printing promised disruption by matching conventional quality at lower prices without redesigns.[1] Though it closed without scaling, it highlighted market forces favoring efficient, wire-based processes and influenced the ecosystem by validating joule heating's potential, paving the way for successors in high-speed metal AM.[2][3]
Digital Alloys exemplified the high-risk innovation in metal AM, delivering promising tech that cut costs and boosted speeds but couldn't overcome commercialization hurdles, leading to closure in 2021—underscoring execution challenges in hardware startups.[2] No revival is evident post-shutdown, but its Joule Printing concepts will shape future trends like voxel-precise, multi-metal systems amid maturing Industry 4.0 demands. As metal AM evolves toward production ubiquity, its legacy may amplify through IP absorption or inspired competitors, tying back to its original vision of thermodynamic speed limits shattered for affordable manufacturing.[1][3]
Digital Alloys has raised $18.0M in total across 2 funding rounds.
Digital Alloys's investors include G20 Ventures, Khosla Ventures, Brian Schettler, Tom Matthews, Vijit Sabnis.
Digital Alloys has raised $18.0M across 2 funding rounds. Most recently, it raised $13.0M Series B in August 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2018 | $13.0M Series B | G20 Ventures | Khosla Ventures, Brian Schettler, Tom Matthews |
| Mar 1, 2017 | $5.0M Series A | Vijit Sabnis |