MTI secures $8.3 mln in Radar Capital-led Series A funding
Metamaterial Technologies Inc (MTI), a Canadian smart materials and photonics company, has raised $8.3 million in a Series A financing. The round was led by Radar Capital, a Canadian investor in pre-IPO companies. It was joined by Innovacorp, which also invested in MTI in 2015, and other backers. Founded in 2011 by CEO George Palikaras, Halifax-based MTI specializes in metamaterial research, nanofabrication and computational electromagnetics. It will use the funds raised to help commercialize its aerospace laser-protection product and develop production tools for its platform technology. MTI last year acquired Rolith Inc.
11 April 2017•3 mins read
