PLEASANTON, Calif.--(BUSINESS WIRE)--Rolith, Inc., the leader in developing advanced nanostructured coatings and devices, today announced that it has received Series A funding in the total amount of $5 million from DFJ VTB Capital Aurora and AGC America Inc.
As the leader in developing advanced nanostructured coatings for renewable energy, green building, and consumer electronics markets, Rolith will utilize the $5 million investment to step up business development in an effort to address the current market need for industrial-scale nanostructured coatings. The US $5 million investments will also be used to expand the engineering team and further research and development.
Rolith coatings are enabled by a proprietary nanolithography system, which offers superior throughput, lower cost and higher quality compared to existing methods. The company was formed by Dr. Boris Kobrin, Prof. Mark Brongersma and Julian Zegelman in 2008.
“We are excited to lead the Series A investment in Rolith, Inc. We believe that the company’s proprietary large-scale nanocoating method has great potential to become the new standard for a vast variety of industrial and consumer applications,” said Aidar Kaliev, Global Head of Venture Capital at VTB Capital. “The team has impressing track-record with several nanotech start-ups, combines Russian and US scientific backgrounds and has the necessary skills and experience to lead the company to success.”
“We are very fortunate to have the support of world’s leading glass producer, AGC (Asahi Glass Company) Group, and DFJ VTB Capital Aurora, a highly reputable nanotechnology investor associated with one of the major Russia’s banking groups, VTB Group,” said Boris Kobrin, Founder and CEO of Rolith. “This investment will allow us to scale up our nanostructuring technology to substrate areas larger than what is offered by any competitors and demonstrate feasibility of the first few of our nanostructured coatings.”
“Rolith’s nanostructure technology which can be applied cost effectively to large area glass could open the door for practical applications to products beyond our current imagination,” said Naoki Sugimoto, General Manager of Global Technology Networking at AGC America Inc.
For further information: http://www.rolith.com/