Metox Closes $23 Million Series A Round To Build Advanced Hts Production System
12/15/21, 1:00 PM
Location
Money raised
$23 million
Industry
manufacturing
media and entertainment
Round Type
series a
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 Info
Location
houston, texas, united states
Additional Info
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.