iCOMAT
Assembly Line
iCOMAT raises $22.5M financing led by 8VC and NATO Innovation Fund to automate composites manufacturing
iCOMAT, a pioneer in advanced composite manufacturing, announced the successful closure of its Series A funding round, securing $22.5 million in capital. The round was led by 8VC, and co-led by NATO Innovation Fund. Other investors joining the round include Syensqo Ventures and existing investors Velocity Partners VC.
iCOMAT’s automated and scalable manufacturing technology, the first of its kind, is delivering lighter, stronger and more sustainable structures for aerospace and automotive vehicles. iCOMAT’s technology leverages a breakthrough in composite materials and carbon fiber. Unlike conventional methods, which produce components by stacking multiple straight fiber layers, iCOMAT has developed the world’s first production technology that enables fiber steering – the ability to steer the fibers to optimise the properties of a structure at any point. This innovative technology can help reduce weight by 10 to 65 percent compared to the state-of-the-art commercial solutions, and can increase production rates by 10x.