Boston Materials, a Billerica, MA-based manufacturer of advanced materials for semiconductors and aircraft platforms, raised $13.5M in funding.
The round was led by AccelR8 and Diamond Edge Ventures with participation from participation from returning and new investors, including Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.
The company intends to use the funds to accelerate its expansion into the semiconductor market, building from its existing footprint in the aerospace market.
Founded in 2016 and led by CEO Anvesh Gurijala, Boston Materials produces a new class of materials that are conductive and durable like metal, yet light as plastic. The underlying patented technology, Z-axis Fiber™, uses vertically aligned carbon fibers to create materials with enhanced energy transfer properties. Advanced materials, commercialized under the ZRT® tradename, solve critical challenges relating to thermal management and vehicle weight reduction across trillion-dollar industries, including semiconductors, aerospace, and electrified vehicles.
FinSMEs
07/11/2024