Explore our latest press releases and company news.
PRESS RELEASE: VC-Backed Maxterial's H-Max Outperforms Hard Chrome
New coating surpasses traditional plating in 27-point comparison, boosting durability while reducing carbon footprint. The promise of a hexavalent chrome replacement has dogged the steel industry and many others for years. The century-old product has long been known as a carcinogen and heavily regulated while serving as the standard for high-wear manufacturing parts. Yet virtually every previous replacement had to sacrifice performance, scalability, or cost. H-Max breaks that cycle, delivering superior performance across all major specifications at a reasonable total cost of ownership for OEMs.
INTERVIEW: How H-Max offers superior performance and environmental parameters with a reasonable overall cost of ownership.
A Silicon Valley-based startup is offering the steel industry a new product that it claims can replace a common, but toxic, coating material, Hexavalent Chromium, while cutting manufacturing carbon emissions.
After 10 years of development, the founders of Maxterial are unveiling its coating technology, known as H-Max, that protects components used in industrial processes against wear and corrosion.
INTERVIEW: Why family offices are backing an alternative to chrome electroplating
Chrome electroplating is a great way to prevent iron corrosion. But research has now shown the process to be highly toxic and scientists have been stepping up research into alternatives.
US-based Maxterial is leading the way with the backing of Peter Thiel, Pierre Omidyar, Eric Schmidt, and Sebastian Kulczyk, whose father Jan made billions through involvement in Poland's post-communist privatizations.
INTERVIEW: Maxterial raises funds for chrome-free coatings
The coatings start-up Maxterial has raised $8 million in a series A funding round to support the rollout of its electrodeposited chromium-free coatings. Chrome coatings are used to make steel and other materials harder and more resistant to corrosion and wear, but they are environmentally hazardous. CEO Mehdi Kargar says the firm’s chemistry uses no chromium, cobalt, cyanide, or per- and polyfluoroalkyl substances and is recyclable and compliant with Europe’s registration, evaluation, authorization, and restriction of chemicals regulations.
PRESS RELEASE: Maxterial Raises nearly $8 Million in Series A Funding
Reinforces Position as a Disruptive Force in Material Science Innovation
PLEASANTON, Calif., June 20, 2024 /PRNewswire/ -- Maxterial, a technology company dedicated to pioneering advancements in material science including the commercialization of advanced coatings, has announced the successful closure of its Series A funding round, raising nearly $8 million. This milestone underscores Maxterial's rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic and environmentally responsible solutions.
