Detroit Materials is an advanced materials firm focused on the commercialization of ultrahigh performance structural materials.
Detroit Materials is an advanced materials firm focused on the commercialization of ultrahigh performance structural materials. It has a portfolio of customizable high-strength low-alloy structural ferrous materials for demanding applications in the defense, off-highway, tooling, and transportation industries.Detroit Materials’ materials provide cost and performance advantages over current high alloy materials. Its combination of material chemistry and manufacturing process creates steel with an average 40% lower material cost and similar properties to exotic alloys such as boron, nickel, and cobalt steels.Detroit Materials is headquartered in Michigan, U.S.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jun 20, 2016 | Grant | $225K | 1 | National Science Foundation | — | Detail |
May 19, 2014 | Grant | $150K | 1 | National Science Foundation | — | Detail |
Investor Name | Lead Investor | Funding Round |
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National Science Foundation | Yes | Grant |