SiTration, a Boston, MA-based materials recovery company, raised $11.8M in Seed funding.
The round was led by 2150 with participation from BHP Ventures, Extantia, and Orion Industrial Ventures. Previous investors Azolla Ventures and MIT-affiliated E14 Fund also participated.
The company intends to use the funds to scale its novel solution for the recovery of critical metals and minerals and to deploy pilot systems with commercial partners.
Led by CEO Dr. Brendan Smith, SiTration is a spin-out of MIT that has created a patented porous silicon membrane technology that provides a combination of ultra-durability, highly tunable pore structure, and electrical conductivity enabling efficient and low-cost materials recovery. Its technology can replace traditional resource-intensive mining processes and can be deployed to recover materials from traditionally inaccessible sources, including waste.
The company has received grants from the Department of Energy’s ARPA-E and the National Science Foundation, and is working to implement their membrane platform in mining, metals refining, and lithium-ion battery recycling.
FinSMEs
05/06/202