Maxterial Raises $8 Million Series A

<p><strong>PLEASANTON<&sol;strong> &&num;8212&semi; Maxterial&comma; a technology company dedicated to pioneering advancements in material science including the commercialization of advanced coatings&comma; has announced the successful closure of its Series A funding round&comma; raising nearly &dollar;8 million&period; This milestone underscores Maxterial&&num;8217&semi;s rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic and environmentally responsible solutions&period;<&sol;p>&NewLine;<p>Led by CEO Dr&period; Mehdi Kargar and Chief Technology Officer Dr&period; Amy Haghdoost&comma; Maxterial has pioneered material science advancements for nearly a decade&period; The company&&num;8217&semi;s lean approach to reaching the product-growth fit stage has garnered widespread acclaim&comma; attracting a range of customers and influential investors&comma; including Peter Thiel&&num;8217&semi;s Breakout Labs&comma; Pierre Omidyar&&num;8217&semi;s UP2398&comma; and corporate innovation leaders like Saint-Gobain and Anglo American&period;<&sol;p>&NewLine;<p>The Series A funding round&comma; led by Helios Climate Ventures&comma; with participation from global corporation QEMETICA &lpar;formerly Ciech&rpar; and the Mott Corporation&comma; solidifies Maxterial&&num;8217&semi;s position as a leader in climate-conscious innovation&period; This capital enables Maxterial to accelerate its R&&num;038&semi;D efforts&comma; including large-scale trials&comma; expand its products&comma; and scale operations in North America and Europe&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are thrilled to have secured nearly &dollar;11 million to date in equity financing&comma; which reflects the confidence investors have in our vision&comma; our unique go-to-market strategies&comma; and the transformative potential of our technology&comma;&&num;8221&semi; said Dr&period; Mehdi Kargar&comma; CEO of Maxterial&period; &&num;8220&semi;This scalable platform fits many markets in urgent need of dynamic&comma; sustainable solutions&period; Series A funding enables us to drive transformational growth across multiple industries&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Maxterial replaces environmentally harmful and energy-inefficient processes using Hexavalent Hard Chrome &lpar;H-Chrome&rpar; with a superior solution that is safe&comma; environmentally friendly&comma; and cost effective at a time when material science startups have struggled to attract investment&period; The company breaks those cycles by delivering unique synergies that integrate the needs of investors&comma; customers&comma; supply chains&comma; and industry experts with a product and service model that delivers exceptional performance&comma; accelerates change and mitigates risk&period;<&sol;p>&NewLine;<p>Maxterial has already gained significant initial traction&period; Ongoing trials in Europe and North America are attracting early adopters eager for cutting-edge solutions&period; By prioritizing sustainability&comma; performance&comma; and scalability&comma; Maxterial can protect against wear&comma; heat&comma; and corrosion&comma; reduce carbon footprint&comma; and eliminate toxic materials like hexavalent chromium&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We set out to create a company that delivers exceptional technology and exceptional returns&comma;&&num;8221&semi; notes Dr&period; Kargar&period; &&num;8220&semi;As we accelerate our implementation&comma; we want to share our insights and expertise with fellow entrepreneurs&comma; industry leaders&comma; and investors interested in driving positive change&period;&&num;8221&semi;<&sol;p>&NewLine;