DropWise Technologies

company

About

DropWise provides a breakthrough coating technology invented at MIT to protect industrial equipment from fouling and corrosion.

  • 11 - 50

Details

Last Funding Type
Grant
Last Funding Money Raised
$868.83K
Industries
Advanced Materials,Energy Efficiency,Manufacturing,Renewable Energy,Solar
Founded date
Jan 1, 2014
Number Of Employee
11 - 50
Operating Status
Active

DropWise Technologies is commercializing a breakthrough coating technology, including advanced durable materials and unique vapor-based deposition processes developed in collaboration between two leading MIT labs, to solve problems of fouling and corrosion in heat exchange equipment. By applying its innovative ultra-thin and durable coating solutions, DropWise serves enormous markets that were previously inaccessible by conventional coating technologies.

Heat exchangers are a crucial part of every thermal fluid system, from the intercoolers and radiators used to cool cars and trucks, to the condensers and evaporators that drive HVAC/R equipment, to the massive boilers and condensers that drive manufacturing processes and power plants. They rely on very thin heat transfer surfaces that are extremely sensitive to fouling and corrosion, which creates a process bottleneck and forces operators to either reduce output capacity, consume more energy to compensate, or shut down completely to clean the affected heat exchanger.

For all of these problems, conventional liquid-based anti-fouling and anti-corrosion coatings are too thick, and often make the problem worse by insulating the heat transfer surfaces. Faced with this unacceptable performance tradeoff, the status quo is to leave the equipment uncoated and to bear the significant costs of the fouling and corrosion that inevitably occur.

Using an innovative vapor-based deposition process, DropWise coatings are chemically grafted to virtually any surface and built up to precise thicknesses. The chemical grafting provides an extremely durable bond that has surpassed testing under severe industrial conditions, and the coating thicknesses can be tuned to nanometer precision to be hundreds of times thinner than conventional coatings. DropWise has secured a license to the MIT patent applications, and is developing a coating platform built from a wide library of precursor materials to address different applications. Low surface energy coatings are used to break up insulating films of condensate into droplets, enabling a 7x increase in heat transfer that allows the coating to boost the efficiency of a wide range of processes, from steam power generation and desalination to HVAC/R and chemical processing; while another chemically inert formulation is used to protect against corrosive environments.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$1.06M
DropWise Technologies has raised a total of $1.06M in funding over 2 rounds. Their latest funding was raised on Mar 28, 2017 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 28, 2017 Grant $868.83K 1 National Science Foundation Detail
Jun 12, 2015 Grant $150K 1 National Science Foundation Detail
Oct 29, 2014 Grant $50K 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
1
DropWise Technologies is funded by 1 investors. National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
National Science Foundation Yes Grant