Peak Nanosystems, a Valley View, Ohio-based commercialization engine company for nanotechnology, raised $25m in funding.
Squadron Capital provided the funding.
The company intends to use the funds to accelerate larger scale production of optical lenses and developmental scale films for capacitors and specialty film applications.
Led by Jim Welsh, CEO, and Chad Lewis, President, Peak Nanosystems is a commercialization engine for breakthrough nanotechnology, which streamlines the entire process, from research and innovation to rapid prototyping, manufacturing, and delivery.
The parent company of Peak Nano Optics and Peak Nano Films, the company began a journey to commercialize GRIN optics in 2016. In a partnership and later acquisition of nanolayer process technology from PolymerPlus, Peak Nano Optics has continued to develop the technology for key military and industrial applications.
Peak Nano Optics invested over $30 million in a development and production facility near Cleveland, Ohio, that was commissioned in Q4 2020. The Optics Foundry had its official Grand Opening in July 2021. In addition, Peak Nano Films has made significant investments to scale up the nanolayer technology in capacitor films.
FinSMEs
08/10/2021