Modumetal, a Snohomish, Washington-based provider of nanolamination coating technologies, raised $14M in Series A-2 funding.
The round was led by Atlas Innovate and Rotor Capital.
Modumetal also added two independent members to its Board of Directors:
- Tushar Porwal, an automotive industry leader and current Head of Manufacturing for BrightDrop, GM’s brand of electric commercial vehicles; and
- Robert Workman, an oil and gas industry executive and current CEO and Director of PSS Industrial Group.
The company will use the funding to further accelerate commercialization of its oil and gas coating solutions, scale its operations, expand its customer base in new key industries that include automotive and sustainable energy end markets, and grow its production capabilities.
Led by Dennis Creech, Chief Executive Officer, Modumetal leverages a patented manufacturing process that brings nanolamination technology to industrial scale applications to produce metals. , and has a production facility in Houston, Texas.
The initial products include:
- NanoGalv® – A zinc-nickel nanolaminate technology that has been deployed for commercial use in corrosive service and high strength applications.
- NanoPlex® – A nickel-cobalt nanolaminate technology that has been deployed commercially to address corrosion and wear resistance in subsurface applications.
FinSMEs
07/02/2022