Diamond Edge Ventures, Inc. (DEV), led by President Curtis Schickner, has strategically invested in Boston Materials, a U.S.-based startup headed by CEO Anvesh Gurijala. Boston Materials specializes in innovative materials for next-generation semiconductor, aerospace, and automotive applications. DEV co-led the company’s recent $13.5 million funding round alongside AccelR8, with additional backing from Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners.
Founded in 2016, Boston Materials has pioneered the Z-axis Fiber™ technology, a unique manufacturing process that aligns carbon fibers vertically to create lightweight, conductive materials with superior energy transfer capabilities. These materials are designed for high-value thermal management solutions across diverse industries.
Anvesh Gurijala, CEO of Boston Materials, highlighted the strategic benefit of Mitsubishi Chemical Group’s (MCG) resources in co-developing materials based on Z-axis Fiber, emphasizing its importance to MCG’s partners in electronics, aerospace, and automotive sectors. DEV’s President, Curtis Schickner, echoed this sentiment, noting that MCG’s leadership in carbon fiber and composites aligns with its commitment to advancing next-generation energy-efficient materials. This collaboration aims to push the boundaries of carbon fiber applications to meet the growing demand for advanced, lightweight, and energy-efficient materials.
About Diamond Edge Ventures:
Diamond Edge Ventures, based in San Francisco, serves as the venture investment arm of Mitsubishi Chemical Group, established in 2018 to support innovation through global partnerships. For more, visit diamondedgeventures.com or contact [email protected].
About Boston Materials:
Boston Materials leverages its patented Z-axis Fiber™ technology to produce lightweight, conductive materials addressing key challenges in sectors such as semiconductors, aerospace, and electrified vehicles. Learn more at bomaterials.com.
