What is Structured Materials Industries?
Structured Materials Industries, Inc. (SMI) is a specialized entity focused on Metal Organic Chemical Vapor Deposition (MOCVD) technology. The company designs, manufactures, and supports MOCVD systems, critical components, and offers expert process development services. SMI's solutions cater to the intricate needs of clients requiring tailored deposition of oxide thin films and advanced materials, including those used in semiconductor fabrication and the creation of nanowires. Their comprehensive approach spans from initial design to production support, addressing unique material deposition challenges for a diverse clientele.
How much funding has Structured Materials Industries raised?
Structured Materials Industries has raised a total of $349K across 2 funding rounds:
Grant
$150K
Debt
$199K
Grant (2013): $150K with participation from Small Business Development Center
Debt (2021): $199K led by PPP
Key Investors in Structured Materials Industries
Small Business Development Center
The Small Business Development Center, operating as Americas Seed Fund powered by the Small Business Administration, provides non-dilutive funding through SBIR and STTR programs. It supports technology-focused entrepreneurs and small businesses, aiming to foster innovation and commercialization by investing in solutions that meet federal research and development needs.
What's next for Structured Materials Industries?
With the recent infusion of capital, Structured Materials Industries is strategically positioned for accelerated growth and innovation. The company's focus on MOCVD systems and advanced materials development, particularly for the semiconductor and nanowire industries, suggests a trajectory aimed at capturing greater market share and advancing technological capabilities. This late-stage funding will likely fuel further research and development, expansion of manufacturing capacity, and strengthening of strategic partnerships. SMI's commitment to providing end-to-end solutions indicates a robust plan to solidify its position as a key player in the specialized materials deposition landscape.
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