Developer of high-tech steel alloys, has raised $17 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission. 17 investors participated in the offering.
PROVIDENCE, RI, NanoSteel, a developer of high-tech steel alloys, has raised $17 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission. 17 investors participated in the offering.
The NanoSteelĀ® Company is a privately held business headquartered in Rhode Island which has developed a new class of steel alloys, known as Super Hard SteelĀ® (SHS), that provide increases in strength surpassing conventional and advanced high strength steels.
NanoSteel, founded in 2002 as a spin-off from the Idaho National Laboratory, holds 76 U.S. patents / patents pending including an exclusive worldwide license to nanostructured iron-based alloys developed by the United States Department of Energy.
NanoSteel's long term vision is to become the world leader in high strength sheet steel based on its patented nanotechnology.
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