Maxterial, a Pleasanton, CA-based material science company, raised nearly $8M in Series A funding.
The round was led by Helios Climate Ventures, with participation from QEMETICA (formerly Ciech) and the Mott Corporation.
The company intends to use the funds to accelerate its R&D efforts, including large-scale trials, expand its products, and scale operations in North America and Europe.
Led by CEO Dr. Mehdi Kargar and Chief Technology Officer Dr. Amy Haghdoost, Maxterial is a technology company dedicated to providing advancements in material science, including the commercialization of advanced coatings. It leverages an eco-systemic lean tech approach to develop innovative solutions that protect against wear, heat, and corrosion while reducing carbon footprint and eliminating toxic materials from industrial processes. It can protect against wear, heat, and corrosion, reduce carbon footprint, and eliminate toxic materials like hexavalent chromium.
Maxterial has already gained significant initial traction. Ongoing trials in Europe and North America are attracting early adopters eager for innovative solutions.
FinSMEs
21/06/2024