Boston Materials Secures $13.5M in Funding to Expand into Semiconductor Market

Advanced materials manufacturer Boston Materials said it has secured $13.5 million in funding to break into the semiconductor market. AccelR8 and Diamond Edge Ventures led the investment. Other participants included returning investors Valo Ventures and new investors Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.

The capital acquired will be used by the company to pursue an aggressive expansion into the semiconductor sector, which would utilize established expertise and materials technology developed for the aerospace industry. Boston Materials was established in 2016, leading the way for a new class of lightweight yet robust materials offering excellent conductivity and thermal management properties.

Core technology from the company, run by CEO Anvesh Gurijala, involves vertically aligned carbon fibers, referred to as Z-axis Fiber, to generate materials that allow for enhanced energy transfer and thermal conductivity. This patented innovation allows Boston Materials to provide products that unite the strength and conductivity attributes of metals with the lighter-weight properties of plastic-ideals for high-performance weight-reduction applications.

Boston Materials is commercializing materials in the brand family ZRT, aimed at solving some of the key challenges involving thermal management, energy transfer, and weight reduction in markets ranging from aerospace and semiconductor to electrified vehicles. With growing demand for advanced materials that help reduce weight and provide energy efficiency, particularly in electric vehicles and semiconductor devices, Boston Materials is well-positioned to address the needs of these trillion-dollar markets.

The new investment will now allow Boston Materials to scale up its capacity and investigate new applications of its advanced materials in the semiconductor market, the company said, which will be a major milestone for the growth of this company beyond a strong stronghold in the aerospace sector. Based on its solutions, the company will have an important role to play in the improvement of next-generation semiconductor devices and components.

Through Boston Materials’s entry into the semiconductor market, this new investment looks to position the company to further lead in driving high-performance material development for a broad range of advanced technology and manufacturing applications.