a year ago

iCOMAT Secures $22.5 Million in Funding Led by 8VC and NATO Innovation Fund

  • iCOMAT, a UK-based company specializing in advanced composite manufacturing, raised $22.5 million in funding

  • The round was led by 8VC and co-led by NATO Innovation Fund

  • Other investors included Solvay Ventures and existing investors Velocity Partners VC

  • The company plans to use the funds to expand operations and its development efforts

  • iCOMAT manufactures advanced composite structures for the aerospace and automotive industries, leveraging its proprietary fiber-steering technology to produce lightweight, high-performance components.

      • ProblemManufacturing

      "Making high-performance composite structures for aerospace and automotive industries is expensive and time-consuming."

      Solution

      "iCOMAT's proprietary fiber-steering technology allows them to manufacture lightweight, high-performance components at scale and efficiency."

      Covered on