Boston Materials produces advanced materials using its patented Z-axis Fiber™ technology at its factory in Billerica, Massachusetts. (Photo courtesy PRNewswire/Boston Advanced Materials)
Boston Materials, a maker of materials with optimal energy transfer properties, is planning to expand its global product deployment of advanced materials for the semiconductors and aerospace markets.
BILLERICA, Mass.—Advanced materials manufacturer Boston Materials, Inc., will use $13.5 million in new funding to accelerate its expansion into the semiconductor market as it builds from its existing footprint in the aerospace market, the company said in a release.
Boston Materials produces a new class of materials that are said to be key to the next generation of semiconductors and aircraft platforms. The materials are conductive and durable like metal, yet light as plastic. Boston Materials’ underlying patented technology, Z-axis Fiber™, uses vertically aligned carbon fibers to create materials with enhanced energy transfer properties, the release stated.
“There is an urgent and quickly ramping need for advanced energy transfer materials,” said Anvesh Gurijala, CEO of Boston Materials, in the release. “This new class of materials maximize performance and efficiency across data centers, airplanes, electrified vehicles, and beyond. Boston Materials is aggressively expanding its existing manufacturing capabilities and accelerating global product deployment to meet this demand.”
The investment was led by AccelR8 and Diamond Edge Ventures, the U.S.-based corporate venturing arm of the prominent global carbon fiber manufacturer Mitsubishi Chemical Group.
“The world is experiencing an unprecedented increase in energy consumption from computing and transportation,” said Dwight Poler, CEO of AccelR8, in the release. “Boston Materials is spearheading a new class of materials designed to maximize both the performance and efficiency of energy-intensive systems.”
Boston Materials’ highly differentiated advanced materials, commercialized under the ZRT® tradename, are reported to solve critical challenges relating to thermal management and vehicle weight reduction across trillion-dollar industries—including semiconductors, aerospace, and electrified vehicles.
“Carbon fiber is a strategic product pillar for Mitsubishi Chemical Group,” said Curtis Schickner, president of Diamond Edge Ventures, in the release. “The Boston Materials Z-axis Fiber technology is a fundamentally new approach to expand the importance and applications of carbon fiber into industries that are building the future.”
Industry leaders “turn to Boston Materials to go beyond today’s known limitations,” the company said, because it is “backed by scaled manufacturing technologies, facilities primed for high-volume production, and validation in performance-critical applications across high-growth sectors.”
The $13.5 million equity investment round also saw participation from returning and new investors, including Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.