PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Safar leads MetOx USD23m Series A round

MetOx Technologies, a Houston-based manufacturer of high temperature superconducting (HTS) wire, has closed a USD23 million Series A funding round led by Sfar Partners, an investor focused on innovations in the cleantech and material science, artificial intelligence and information technology, and life sciences areas.

MetOx Technologies, a Houston-based manufacturer of high temperature superconducting (HTS) wire, has closed a USD23 million Series A funding round led by Sfar Partners, an investor focused on innovations in the cleantech and material science, artificial intelligence and information technology, and life sciences areas.

Proceeds from the round will allow the company to construct an advanced production facility, with the expected ca, pacity to produce approximately 1,200 kilometres per year of high-temperature superconducting wire (HTS), doubling 2020’s global supply of magnet wire.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured