Stanley Ventures, the corporate venturing arm of Stanley Black & Decker, has provided an undisclosed amount to MIT spinout Veloxint.
Veloxint, a Massachusetts Institute of Technology (MIT) spinout developing novel metal alloys, has received a strategic investment from Stanley Ventures, the corporate venturing arm of tool manufacturer Stanley Black & Decker.
The size of the investment has not been disclosed by the parties.
Veloxint’s alloys have transformational properties, such as enhanced strength – claiming two to five times that of traditional alloys – and long-term stable use at high temperatures.
The spinout’s products are being targeted towards the automotive, military,…
