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Ateios Raises $1.25M in Seed Funding

NEWBERRY, IN, Ateios announced closing an over-subscribed $1.25 million Seed financing round, led by Good Growth Capital.
Ateios (pronounced 'Ah-TAY-ohs') has developed the world's first flexible, paper-thin customizable battery. Today, they announced closing an over-subscribed, $1.25 million Series Seed financing round, led by early-stage venture capital firm, Good Growth Capital.

The funding round comes shortly on the heels of Ateios receiving Phase I SBIR funding from the National Science Foundation and graduating from The Heritage Group Accelerator powered by Techstars. Additional investors include Keshif Ventures, Techstars Ventures, Elevate Ventures, HG Ventures, Impact Assets, VisionTech Angels, and several high-value angels, providing experience in analytics, manufacturing, and advanced materials.

Ateios is developing a new process to reshape batteries through rapid, custom manufacturing. The battery industry's manufacturing process has remained relatively unchanged over the past 40 years, impacting applications such as Digital Health and the Internet of Things (IoT). This project will develop a novel platform for battery manufacturing using a cure-on-command technology, which will expedite the components curing process from hours to seconds. The cure-on-command technology will provide multiple benefits to battery manufacturing by eliminating unnecessary processing steps, such as cost savings, capital equipment savings of 3x, and environmental friendliness.
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