Rive Technology Seals $25M Round Led by Blackstone

Rive Technology has raised $25 million in a new round of financing led by the Blackstone Group. Existing investors Charles River Ventures, Advanced Technology Ventures and Nth Power also contributed to the round. Rive Technology develops catalyst technology for petroleum refining. The company will use the new financing to support commercial trials of its technology. Cambridge, Mass.-based Rive Technology has raised a total of $47 million to date.

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