Solidia Technologies, a Piscataway, N.J.-based cement and concrete technology company, raised a Series C Venture Round.
Backers included Kleiner Perkins Caufield & Byers (KCPB), Bright Capital, BASF, and BP and Lafarge, Total Energy Ventures, Bill Joy and other private investors.
Solidia is a cement and concrete technology company commercializing patented processes that enable the use of CO2 to create sustainable building and construction materials.
The company partners with: The Linde Group, a global leader in the international gases market, which has extended its CO2 supply and delivery expertise to technology development and commercialization; The U.S. Department of Transportation’s Federal Highway Administration, which supports Solidia with a Cooperative Research and Development Agreement (CRADA) to examine transportation infrastructure applications at the Turner-Fairbank Highway Research Center, and the U.S. Department of Energy’s National Energy Technology Laboratory (NETL), which has co-funded a four-year research and development project as part of its CO2 Storage Program.
In addition, long-term research continues at Rutgers University, where the original generation of the technology was developed. Solidia has licensed numerous patents from Rutgers. Collaborative research efforts are also underway in laboratories at Purdue University, Ohio University, and the University of South Florida.
FinSMEs
10/12/2014