About NanoSteel
NanoSteel is a Technology company based in Providence (United States) founded in 2002, and was acquired by United States Steel in March 2021. Nanostructured steel coatings, additives, and alloys are developed and commercialized. It operates in the Technology and Chemicals & Materials sectors. NanoSteel has raised $88.02 million across 14 funding rounds from investors including Lear Corporation, United States Steel and Horizon Tech Finance. Its focus areas include High Tech, Nanotechnology, Nanointermediates and Nanoalloy. Its competitors include Modumetal, 6K and Nanophase; 2 of its 3 listed competitors have raised funding.
Company details
NanoSteel was founded in 2002 as a spin-off from the U.S. Department of Energys Idaho National Laboratory and is headquartered in Providence, United States. Operations center on the design and commercialization of patented ferrous materials with nanoscale microstructures, including metallic coatings, powders for 3D printing, and sheet steel alloys for automotive lightweighting applications. Over 400 patents have been filed or granted worldwide for these innovations in the advanced materials sector.
- Headquarters Providence, United States
- Stage Acquired
- SectorsTechnologyChemicals & Materials
- Website nanosteelco.com
- Social LinkedIn X
- Acquired by United States Steel (Mar 2021)
- Total Equity Funding$88.02M (USD)
in 14 rounds
- Latest Funding Round$4.07M (USD), Series C
Feb 2020
- InvestorsLear Corporation
& 10 more
- Acquired byUnited States Steel
(Mar 2021)
Funding Insights of NanoSteel
NanoSteel has successfully raised a total of $88.02M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $4.07 million completed in February 2020. 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 $88.02M
- Total Rounds 14
- Last Round Series C — $4.07M
- First Round $5.72M
(Sep 2005)
- Investors Count 10
Latest 10 of 14 funding rounds of NanoSteel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $4.07M | Series C | – | – | – |
| May 2018 | $9.59M | Series C | – | – | – |
| Apr 2018 | $4.41M | Series C | – | – | – |
| Feb 2017 | Series C | – | – | ||
| Nov 2016 | $2.5M | Series C | – | – | – |
| Jun 2015 | $10M | Debt – Venture | – | – | |
| Jan 2014 | $7.48M | Series C | – | – | – |
| Dec 2012 | $10M | Series C | – | – | – |
| Aug 2012 | $12M | Series C | – | – | |
| Oct 2011 | $16.99M | Series B | – | Chrysalix Venture Capital, Cycad Group | – |
11 investors in total: 11 institutional.
Investors in NanoSteel
NanoSteel has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Lear Corporation, United States Steel and Horizon Tech Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided by General Motors-backed firm. | gmventures.com | Warren, United States | ||
Structured debt is provided to life sciences and technology firms. | 2004 | horizontechfinance.com | Farmington, United States | |
| enertechcapital.com | ||||
Early-stage US tech investments are made by Fairhaven Capital. | fairhavencapital.com | Cambridge, United States | ||
Chrysalix Venture Capital is focused on industrial innovation investments. | chrysalix.com | Vancouver, Canada | ||
Stage agnostic VC firm investing primarily in the US | cycadvc.com | Santa Barbara, United States | ||
| milcomtech.com | ||||
Early-stage venture capital firm that invests across North America and Europe | 2006 | octane.com | Calgary, Canada | |
Major automotive components are manufactured and supplied globally. | 1917 | lear.com | Southfield, United States | |
Ervin Industries is engaged in manufacturing steel shot and grit. | ervinindustries.com | Ann Arbor, USA |
Investor details for NanoSteel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of NanoSteel
2 people are tracked at NanoSteel (2 in leadership).
| Name | Role | Group |
|---|---|---|
Alla Sergueeva | Director, Bulk Materials Development | Leadership |
Stan Valencia | Director of Operations and Product Integrity | Leadership |
Complete people profiles for NanoSteel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of NanoSteel
4 dated milestones of NanoSteel across 19 years, from founding to its latest funding, stage changes and deals.
- Founded NanoSteel is founded.
- Funding First funding round of $5.7M.
- Funding Latest funding round, Series C, of $4.1M.
- Exit Acquired by United States Steel.
Competitors of NanoSteel
NanoSteel has 3 listed competitors in our database, 2 of them funded. They include Modumetal, 6K and Nanophase.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| modumetal.com | 2007 | Seattle, United States | $106.55M | 23 | Nano-layered metals are manufactured for construction and related sectors. | |
| 6kinc.com | 2011 | North Andover, United States | $300.34M | 62 | Nanotechnology-based metal powders are developed using microwave plasma technology. | |
| nanophase.com | 1989 | Romeoville, United States | 46 | Metal oxide nano-powders are developed and distributed for industrial applications. |
Detailed competitors of NanoSteel
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of NanoSteel
Websites that share an audience with NanoSteel (nanosteelco.com).
Websites whose visitors overlap most with NanoSteel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unionprocess.com | 100% | #4,755,998 | View details | ||
gizmag.com | gizmag.com | 41% | – | ||
| autoblog.com | 39% | 6.9M | #8,913 | View details | |
| nanowerk.com | 28% | #908,906 | View details |
Top companies in Nanotechnology
3 companies that operate in the same segment as NanoSteel (Nanotechnology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of technologies for analysis of genetic variation and function | 1993 | San Diego, California, United States | USD 28 M | USD 1.44 M | 29 | |
RNA interference-based therapeutics are developed for multiple disorders. | 2002 | Cambridge, Massachusetts, United States | USD 17 M | USD 3.71 B | 2,230 | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Nanosteel
Complete news archive for NanoSteel
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about NanoSteel
NanoSteel was founded in 2002 and raised its 1st funding round 3 years after it was founded.
NanoSteel is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
NanoSteel is a funded company, having raised a total of $88.02M across 14 funding rounds to date. The company's 1st funding round was a Series B of $16.99M, raised on Sep 2005.
NanoSteel was founded in 2002 as a spin-off from the U.S. Department of Energys Idaho National Laboratory and is headquartered in Providence, United States. Operations center on the design and commercialization of patented ferrous materials with nanoscale microstructures, including metallic coatings, powders for 3D printing, and sheet steel alloys for automotive lightweighting applications. Over 400 patents have been filed or granted worldwide for these innovations in the advanced materials sector.
NanoSteel has 11 investors. Key investors include Lear Corporation, United States Steel, Horizon Tech Finance, Octane Venture Partners, and GM Ventures.
Yes. NanoSteel was acquired by United States Steel in March 2021.