Material Evolution
350 Fifth Avenue, 41st Floor, New York, NY, 10118, United States
Overview
Material Evolution has created a low-energy cement made using an alkali-fusion process that produces material at ambient temperatures from industrial wastes and feedstocks, avoiding kiln heat. The company says its product has an 85% lower carbon footprint than conventional Portland cement. Its material is already being used in industry through a strategic partnership with materials company SigmaRoc. Material Evolution is incorporated in the U.S. but operates substantively out of the U.K., where its founders and a team of 20 are based and all product development takes place. The startup was founded in 2017 and is focused on scaling production of its low-carbon cement to address cement’s large share of global CO2 emissions. Founded in 2017 by Elizabeth Gilligan, Ph.D., Material Evolution uses patented geopolymer technology and proprietary algorithms to produce high‑consistency construction materials. The company is developing a geopolymer product made of roughly 95% industrial waste that it says is stronger and more durable than conventional alternatives. Material Evolution claims its material reduces the carbon consumption of concrete by 85% compared with Ordinary Portland Cement. It employs AI and machine learning to guarantee 100% batch-to-batch consistency. The recent funding will be used to build a world‑leading material science team, expand future projects, and scale batch production. Prior to this raise the startup had operated on a $120,000 pre‑seed investment.
- Total raised
- $22M
- Funding rounds
- 3
- Latest round
- Series A
- Latest activity
- Jun 2023
Industries
- Artificial Intelligence (AI)
- CleanTech
- Machine Learning
- Manufacturing
Recent funding
Series A
Jun 2023
$19M
Seed
Nov 2021
$2M