MIT molten metal production spinout Boston Metal has drawn funding from the Engine in its first publicly disclosed funding round.
Boston Metal, a US-based molten metal production technology spinout from Massachusetts Institute of Technology, obtained $20m yesterday in a series A round featuring the institute’s Engine startup incubator.
The round was led by venture fund Breakthrough Energy Ventures and also included capital from VC firm Prelude Ventures.
Founded in 2012 as Boston Electrometallurgical, Boston Metal is commercialising a molten oxide electrolysis (Moe) process which converts raw oxide metals into molten products by using electricity rather than a blast…
