About Adept Materials
Adept Materials is a company based in Somerville (United States) founded in 2018 by Derek Stein.. Adept Materials has raised $4.36 million across 6 funding rounds from investors including PulteGroup, DOE and DR Horton. Adept Materials operates in a competitive market with competitors including Leadax and Weatherskin, among others.
- Headquarter Somerville, United States
- Founders Derek Stein
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.36 M (USD)
in 6 rounds
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Latest Funding Round
$4 M (USD), Seed
Jul 22, 2024
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Investors
PulteGroup
& 7 more
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Employee Count
Employee Count
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Funding Insights of Adept Materials
Adept Materials has successfully raised a total of $4.36M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Seed — $4.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Adept Materials | Valuation | PulteGroup | |
| Jul, 2023 | Amount | Grant - Adept Materials | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Adept Materials | Valuation | Gener8tor |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adept Materials
Adept Materials has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include PulteGroup, DOE and DR Horton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accelerator & incubator focused on clean energy firms
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Founded Year | Domain | Location | |
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Investment expertise and capital are provided by Point Cove.
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Founded Year | Domain | Location | |
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Startups are accelerated via a 12-week program with funding support.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adept Materials
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adept Materials
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adept Materials Comparisons
Competitors of Adept Materials
Adept Materials operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Leadax and Weatherskin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of waterproof building materials
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| domain | founded_year | HQ Location |
Produces innovative eco-friendly coatings for construction, agriculture, and industrial applications worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adept Materials
Frequently Asked Questions about Adept Materials
When was Adept Materials founded?
Adept Materials was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Adept Materials located?
Adept Materials is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Adept Materials?
Derek Stein is the current CEO of Adept Materials. They have also founded this company.
Is Adept Materials a funded company?
Adept Materials is a funded company, having raised a total of $4.36M across 6 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Oct 24, 2019.
What does Adept Materials do?
Adept Materials was founded in 2018 and is based in Somerville, United States. Operations focus on the production of advanced materials used in coatings, overlays, and films. These materials enable directional vapor control, humidity regulation, and temperature management. Applications span construction, apparel, packaging, and healthcare sectors, supporting functional performance in diverse industries.
Who are the top competitors of Adept Materials?
Adept Materials's top competitors include Leadax and Weatherskin.
Who are Adept Materials's investors?
Adept Materials has 8 investors. Key investors include PulteGroup, DOE, DR Horton, MassCEC, and Gener8tor.