What is Sub-One Technology?
Sub-One Systems, formerly Sub-One Technology, operates as a specialized subsidiary of Duralar Technologies, itself a joint venture between U.S.-based AWT Technologies and Japan's Epicrew Corporation. The company leverages decades of collective experience in manufacturing and advanced technology equipment, particularly in coating technologies. Sub-One Systems focuses on engineering and producing systems for applying ultra-hard InnerArmor® coatings to the interior surfaces of components. Unlike standard machine providers, Sub-One Systems excels in custom-designing and manufacturing these specialized systems for direct purchase by end-user clients, positioning itself as a key innovator in niche industrial applications.
How much funding has Sub-One Technology raised?
Sub-One Technology has raised a total of $34.8M across 4 funding rounds:
Series A
$801K
Series B
$7M
Series C
$24M
Series D
$3M
Series A (2005): $801K, investors not publicly disclosed
Series B (2006): $7M led by ITI Energy, Advanced Technology Ventures, and Chevron
Series C (2008): $24M supported by Advanced Technology Ventures, Nomura International, Chevron, and GE Energy Financial Services
Series D (2013): $3M, investors not publicly disclosed
Key Investors in Sub-One Technology
Advanced Technology Ventures
Advanced Technology Ventures (ATV) is a venture capital firm with a long history in identifying and supporting emerging-growth technology companies across various sectors, including IT infrastructure and industrial technologies.
Chevron
Chevron Corporation is a global energy company with extensive operations in oil, gas, and chemicals, suggesting a strategic interest in technologies that enhance industrial processes and material durability.
GE Energy Financial Services
GE Energy Financial Services, part of General Electric, invests in energy and infrastructure projects, indicating a focus on companies that provide critical technology solutions for industrial applications and energy sectors.
What's next for Sub-One Technology?
The substantial enterprise-level funding, including the recent strategic investment, indicates Sub-One Technology is likely in a scaling phase, aiming to expand its manufacturing capabilities and market reach for its specialized InnerArmor® coating systems. This capital infusion is expected to fuel further research and development into advanced coating applications and potentially broaden its customer base across semiconductor and other high-tech global industries. The company's strategic backing from established players suggests a focus on solidifying its competitive advantage and driving innovation in material science and industrial equipment.
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