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iCOMAT raises $22.5M financing led by 8VC and NATO Innovation Fund to automate composites manufacturing
iCOMAT, a pioneer in advanced composite manufacturing, announced the successful closure of its Series A funding round, securing $22.5 million in capital. The round was led by 8VC, and co-led by NATO Innovation Fund. Other investors joining the round include Syensqo Ventures and existing investors Velocity Partners VC.
iCOMAT’s automated and scalable manufacturing technology, the first of its kind, is delivering lighter, stronger and more sustainable structures for aerospace and automotive vehicles. iCOMAT’s technology leverages a breakthrough in composite materials and carbon fiber. Unlike conventional methods, which produce components by stacking multiple straight fiber layers, iCOMAT has developed the world’s first production technology that enables fiber steering – the ability to steer the fibers to optimise the properties of a structure at any point. This innovative technology can help reduce weight by 10 to 65 percent compared to the state-of-the-art commercial solutions, and can increase production rates by 10x.
Cambium Announces Close of its $19 Million Series A Financing
Cambium, an advanced materials innovator for defense and other high-performance fields, announced a $19 million Series A funding round today. 8VC led the round, with participation from Veteran Ventures, GSBackers, Marlinspike, MVP Ventures, Gaingels, Kern Venture Fund, Jackson Moses (Founder, Silent Ventures), Vertical Capital, and select angel investors. DLA Piper provided legal counsel to Cambium on the transaction.
This Series A round enables Cambium to build out staffing and R&D, rapid discovery-to-field demonstrations, and pilot-scale manufacturing. Each of the above will accelerate the development of its product pipeline, such as the advancement of next-generation Thermal Protection Systems (TPS) for defense tech and commercial applications.
Terminal Industries Emerges from Stealth; Announces $17M Seed Round to Bring AI to Yard Operations Globally
Terminal Industries emerged from stealth and announced $17 Million in seed funding co-led by 8VC, the most active supply chain investor, and Prologis Ventures, the venture arm of the global leader in logistics real estate, to develop novel AI platforms that optimize the yard. The round includes participation from strategic investors including NFI Ventures, RyderVentures, the corporate venture capital arm of Ryder System, Inc., Lineage Logistics, Vehicle Velocity Group, the Friedkin Group International, as well as world-class logistics-focused venture firms 9Yards, Northstar.vc, Amplifier, and MS&AD Ventures.