About Aspen Aerogel
Aspen Aerogel is a company based in United States founded in 2001.. Aspen Aerogel has raised $198.35 million across 42 funding rounds from investors including Koch Industries, BASF and GE Capital. The company has 554 employees as of December 31, 2024. Aspen Aerogel offers products and services including Pyrogel XTE, Pyrogel HPS, Cryogel Z, PyroThin, and Spaceloft Subsea. Aspen Aerogel operates in a competitive market with competitors including CleanFiber, AeroShield, Tecnoglass, Svenska Aerogel and KROSSLINKER, among others.
- Headquarter United States
- Employees 554 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyEnergy & Utilities Chemicals & Materials
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Phone
*********
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Website
*********
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Social
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- Legal Name Aspen Aerogels, Inc.
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Annual Revenue
$452.7 M89.64as on Dec 31, 2024
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Net Profit
$13.38 M129.21as on Dec 31, 2024
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EBITDA
$89.36 M387.98as on Dec 31, 2024
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Total Equity Funding
$198.35 M (USD)
in 42 rounds
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Latest Funding Round
$75 M (USD), Post-IPO
Jul 01, 2021
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Investors
Koch Industries
& 14 more
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Employee Count
554
as on Dec 31, 2024
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IPO & Listings of Aspen Aerogel
Aspen Aerogel is a publicly listed company on the NYSE with ticker symbol ASPN in USA, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Aspen Aerogel
Aspen Aerogel offers a comprehensive portfolio of products and services, including Pyrogel XTE, Pyrogel HPS, Cryogel Z, PyroThin, and Spaceloft Subsea. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insulation material for high-temperature energy applications.
Reduces downtime in power generation inspections.
Provides thermal performance for LNG facilities.
Enhances thermal management in e-mobility batteries.
Protects assets in subsea environments.
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Leadership Team
17 people
Sales and Marketing
10 people
Software Development Team
10 people
Senior Team
5 people
Product Management Team
4 people
Finance and Accounting
4 people
Human Resources and Administration
3 people
Manager Team
2 people
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Funding Insights of Aspen Aerogel
Aspen Aerogel has successfully raised a total of $198.35M across 42 strategic funding rounds. The most recent funding activity was a Post-IPO round of $75 million completed in July 2021. 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 42
- Last Round Post-IPO — $75.0M
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First Round
First Round
(17 May 2001)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Aspen Aerogel | Valuation |
investors |
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| May, 2016 | Amount | Grant - Aspen Aerogel | Valuation |
investors |
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| May, 2016 | Amount | Grant - Aspen Aerogel | Valuation |
investors |
| 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 Aspen Aerogel
Aspen Aerogel has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Koch Industries, BASF and GE Capital. 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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High-risk energy technologies are funded through competitive grants.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location | |
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Investment and partnership services for entrepreneurs in finance and growth 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 Aspen Aerogel
| 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 - Aspen Aerogel
| 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 |
Aspen Aerogel Comparisons
Competitors of Aspen Aerogel
Aspen Aerogel 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 CleanFiber, AeroShield, Tecnoglass, Svenska Aerogel and KROSSLINKER, 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 |
Cellulose insulation solutions are provided for facilities from recycled cardboard.
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| domain | founded_year | HQ Location |
Insulated window panes are provided using silica aerogel technology.
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| domain | founded_year | HQ Location |
Architectural glass and insulating products are manufactured for construction sectors.
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| domain | founded_year | HQ Location |
Advanced aerogel materials are developed for insulation and filtration.
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| domain | founded_year | HQ Location |
Aerogel insulation materials are manufactured for biopharma packaging.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Aspen Aerogel
Frequently Asked Questions about Aspen Aerogel
When was Aspen Aerogel founded?
Aspen Aerogel was founded in 2001.
Where is Aspen Aerogel located?
Aspen Aerogel is headquartered in United States.
Is Aspen Aerogel a funded company?
Aspen Aerogel is a funded company, having raised a total of $198.35M across 42 funding rounds to date. The company's 1st funding round was a Grant of $1.15M, raised on May 17, 2001.
How many employees does Aspen Aerogel have?
As of Dec 31, 2024, the latest employee count at Aspen Aerogel is 554.
What is the annual revenue of Aspen Aerogel?
Annual revenue of Aspen Aerogel is $452.7M as on Dec 31, 2024.
What does Aspen Aerogel do?
Aspen Aerogel was founded in 2001 in the United States. Aerogel-based thermal insulation solutions are offered by the company for applications in energy conservation and asset protection. Operations focus on the materials sector, where innovative insulation products are developed and supplied to industrial and commercial clients. Services include customized solutions for various environments, emphasizing durability and efficiency in thermal management.
Who are the top competitors of Aspen Aerogel?
Aspen Aerogel's top competitors include AeroShield, Svenska Aerogel and KROSSLINKER.
What products or services does Aspen Aerogel offer?
Aspen Aerogel offers Pyrogel XTE, Pyrogel HPS, Cryogel Z, PyroThin, and Spaceloft Subsea.
Is Aspen Aerogel publicly traded?
Yes, Aspen Aerogel is publicly traded on NYSE under the ticker symbol ASPN.
Who are Aspen Aerogel's investors?
Aspen Aerogel has 15 investors. Key investors include Koch Industries, BASF, GE Capital, European Union, and ATEL Capital Group.
What is Aspen Aerogel's ticker symbol?
The ticker symbol of Aspen Aerogel is ASPN on NYSE.
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