Venture-backed MTI acquires venture-backed Rolith
Canadian smart materials and photonics company Metamaterial Technologies Inc (MTI) has bought Rolith Inc, a provider of nanostructured coatings and devices based in Pleasanton, California. The deal's financial terms were not disclosed. Halifax-based MTI said the acquisition is strategic and will accelerate its ability to develop large-scale optical metamaterial products for aerospace, defense, healthcare and energy industries. Founded in 2011, MTI has raised venture capital funding from Innovacorp, First Angel Network, and other investors. Rolith has been backed by VTB Capital and Asahi Glass Co.
27 May 2016•3 mins read
