logo
logo

Metox Closes $23 Million Series A Round To Build Advanced Hts Production System

Dec 15, 2021•almost 4 years ago

Amount Raised

$23 Million

Round Type

series a

HoustonManufacturingMedia And Entertainment

Description

MetOx Technologies, Inc., a Houston-based manufacturer of high temperature superconducting (HTS) wire, today announced the completion of a $23 million Series A funding round. Proceeds from the round will allow the company to construct an advanced production facility, with the expected capacity to produce approximately 1,200 kilometres per year of high-temperature superconducting wire (HTS), doubling 2020’s global supply of magnet wire.

Company Information

Company

Metox

Location

Houston, Texas, United States

About

Based in Houston, Texas, MetOx is a manufacturer of high temperature superconducting wire (HTS) using an enhanced and patented manufacturing process to produce and sell large quantities of HTS at prices supporting the widespread use of this advanced material. For more information, please visit: www.metoxtech.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech