Norsk Titanium AS, an Oslo, Norway-based supplier of aerospace-grade, additive manufactured, structural titanium components, closed on an investment from Silicon Valley-based Applied Ventures, LLC, the venture capital arm of Applied Materials*.
The terms of the investment were not disclosed.
Led by President & Chief Executive Officer Warren M. Boley, Jr., Norsk Titanium is a supplier of aerospace-grade, additive manufactured, structural titanium components. The company’s patented Rapid Plasma Deposition™ (RPD™) process transforms titanium wire into complex components suitable for structural and safety-critical applications.
In June 2016, Norsk Titanium closed a $25M funding round, and in July 2016 announced a $125M state investment to build an industrial scale metal additive manufacturing plant in Plattsburgh, New York.
*Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.