Sub-One Technology raises $24M for industrial coatings
Sub-One Technology, based in Pleasanton, Calif., has developed a process that can apply a coating to the interior of machinery and pipes that the company says is as hard as diamonds.
Its InnerArmor coatings have uses in industries from automotives to oil services, helping to reduce long-term maintenance costs and improve performance.
The $24 million funding was led by Nomura International. Also participating were GE Energy Financial Services, Chevron Technology Ventures and Advanced Technology Ventures.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.