WPX Faserkeramik GmbH, a Troisdorf, Germany-based developer of ceramic matrix composites for Industrial heat treatment, raised a seven-figure Series A funding round.
Backers included Constantia New Business GmbH, a subsidiary of Constantia Industrie AG, which joined DLR and High-Tech Gründerfonds.
Led by Dr. Mathias Kunz, CEO, WPX develops, produces and distributes oxide ceramic matrix composites (OCMC) products for high-temperature applications, especially for the industrial heat treatment of metals, for chemical process engineering, and for high-temperature resistant components in the exhaust tract of gas turbines and motors.
WPX is a spin-off from the Institute for Materials Research (WF) at the German National Aeronautics and Space Research Center (DLR) in Cologne.
03/02/2014: WPX Faserkeramik Raises Seed Financing from HTGF