MetOx International, a Houston, TX-based developer and manufacturer of high-temperature superconducting (HTS) wire, raised $25M in Series B extension funding.
The round was led by Centaurus and New System Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Bud Vos, MetOx is a developer and manufacturer of high-temperature superconducting wire. Leveraging proprietary production technologies, it is accelerating its manufacturing scale up to provide HTS solutions for energy transmission, wind power, fusion energy, medical applications, aerospace and defense.
By continuing to innovate and scale in HTS, the company aims to deliver solutions that enhance this energy infrastructure and support emerging applications such as medical devices, aerospace and defense sectors where its lightweight, high-power solutions present unique advantages.
FinSMEs
23/09/2024