Industrial Origami eyes $20M to efficiently fold sheet metal
Industrial Origami, a San Francisco-based company that can very efficiently and precisely fold sheet plastics and metals, is looking to raise a fourth round of venture funding between $15 and $20 million by the beginning of next year, reports Dow Jones VentureWire. The company has raised $32 million to date from the Environmental Technologies Fund, among others.
Chemrec scores $20M for “black liquor” biofuels
Chemrec, a company that converts paper mill byproducts into clean-burning biofuels, snagged $20 million in third-round funding from Environmental Technologies Fund, VantagePoint Venture Partners and Volvo Technology Transfer, the car maker’s venture branch.
The Swedish firm processes one particular mill byproduct known as “black liquor” first into a gas, and then into biofuels and biochemicals for automobiles and general electrical purposes. So far, it has implemented this technology at mills in Sweden and North Carolina, both… Continue Reading
Industrial Origami funded with $17M for metal-folding magic
If you start looking for waste in industrial processes, it’s usually not hard to find. Industrial Origami got started by looking at items like boxes, bins, shipping equipment and server enclosures, and figured out a way to reduce material usage in those items.
The company’s process starts with large, contiguous pieces of sheet metal, which are specially shaped so that they can simply be folded into the desired form, rather than the usual process of bolting… Continue Reading
Novel Polymer gets $9.7M for environmentally friendly plastics
Polymer plastics like nylon, Bakelite and PVC are some of the most common materials used in modern society, but making them is not an environmentally friendly procedure. Novel Polymer Solutions is a company that promises to make new polymers that are strong, low cost, and have few harmful chemicals in them.
Novel Polymer’s materials include glues, paints and hard plastic materials. The company sells to the automotive, building, medical, paint and other industries.
The $9.7 million funding… Continue Reading