Thiozen Inc., a Boston, MA-based emission hydrogen technology company, raised $3m in Seed funding.
The round was led by Eni Next, the venture investment vehicle of Eni S.p.A, with participation from Good Growth Capital and Mount Wilson Ventures.
Founded out of MIT in 2020 by CEO Dr. Ryan Gillis, COO Ajay Bawa, and Board Member Professor William Green, Thiozen is commercializing its novel process to produce low cost and low emission hydrogen from hydrogen sulfide and water. The technology was first invented by Dr. Ryan Gillis and Professor William Green at MIT. Thiozen is based in Beverly, MA at Northshore InnoVentures.
The company intends to use the funds to scale its technology to a commercial demonstration.