Solidia Technologies, Inc., a Piscataway, NJ-based advanced materials company, has raised $27m in funding.
Backers included BASF Venture Capital, which invested $5m, Kleiner Perkins Caufield and Byers, BP Ventures and Bright Capital.
Solidia Technologies enables sustainable production of a new generation of building and construction materials. Concrete and building materials made with this novel technology have excellent physical properties, lower life-cycle cost and smaller environmental footprint than concrete. The technology uses CO2 as a reactant, consuming and sequestering this greenhouse gas during production.
Founded in 2008 and led by CEO Thomas Schuler , Solidia Technologies has developed a proprietary process for creating both a binder that requires significantly less energy to produce than Portland Cement and a concrete product that uses CO2 as a reactant to provide strength rather than water. This innovation serves as the basis for a wide range of possible applications in the building and construction industries.
The company, which has 28 employees, is currently hiring (http://www.solidiatech.com/careers.php).