Immaterial Secures Series A Funding for Cleantech Innovations
Immaterial, an innovative cleantech company based in Cambridge, UK, has successfully raised an undisclosed amount in Series A funding. This significant round of financing was led by SLB, a global leader in technology and services for the energy sector. Notably, this round also attracted the interest of several prominent investors, including AP Ventures, Cepsa, Chevron Technology Ventures, Energy Revolution Ventures, JERA Co., TRIREC, and Ultratech Capital Partners. Existing investors participated as well, with long-term supporter and Chairman of Immaterial Ltd, Jogchum Brinksma, continuing to show confidence in the company’s vision and technology.
Immaterial has ambitious plans for the funds raised through this investment round, aiming to accelerate the development of its solution design and materials supply capabilities.
As a spinout from the prestigious Cambridge University, the company is spearheaded by its CEO, Mohammed Khan, alongside Chief Scientific Officer and founder Professor David Fairen-Jimenez. The company specializes in providing advanced materials and systems designed specifically for carbon capture from point sources and for innovative, cost-effective hydrogen storage solutions. This focus on sustainability is not only timely but essential in the global effort to combat climate change.
The cornerstone of Immaterial's technology lies in its monolithic metal-organic frameworks, or m-MOFs. These customisable porous materials are designed to selectively adsorb and release target gases while occupying a minimal footprint, making them exceptionally efficient. m-MOFs are part of a larger category known as metal-organic frameworks (MOFs), which are recognized for their potential in various applications, including gas storage and separation. What sets Immaterial apart is its ability to produce MOFs in the form of monoliths—these are macroscopic, ultra-dense crystals that exhibit remarkable thermal and chemical stability while maintaining an unparalleled performance in gas storage. This unique approach positions Immaterial at the forefront of cleantech innovation, promising substantial impact on both industrial practices and environmental sustainability.
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