A recent article by Laura Furr Mericas in Houston InnovationMap spotlights NanoTech Materials as one of Houston’s fastest-growing scaleup companies, reinforcing its status as a finalist for the 2024 Houston Innovation Awards in the Scaleup of the Year category.
Unprecedented Growth in 2024
NanoTech’s trajectory in 2024 has been remarkable, with key milestones that underscore its rapid expansion:
- Opened a new 43,000-square-foot facility, significantly increasing production capacity.
- Tripled its valuation in just two years, reflecting strong investor confidence.
- Expanded into the Middle East and Singapore, bringing Cool Roof Coat, Insulative Coat, and Vehicular Coat to high-temperature regions.
- Scaled its NanoTech Cool Roof Coat to commercial markets, offering businesses a high-performance solution for reducing HVAC energy costs by up to 50%.
A Strong Foundation for Expansion
NanoTech’s success has been fueled by strategic funding rounds and participation in leading innovation accelerators:
- Raised $5 million in seed funding (2020) and an oversubscribed $13 million Series A round (2023).
- First company selected for Halliburton Labs (2021), providing access to key energy industry partnerships.
- Joined the Rice Alliance Clean Energy Accelerator (2023), reinforcing its commitment to sustainable innovation.
Driving Energy Efficiency and Fire Protection
As a leader in advanced heat-control technology, NanoTech’s Insulative Ceramic Particle™ (ICP) technology has positioned the company at the forefront of energy efficiency, fire mitigation, and sustainable building solutions.
With its continued international expansion, manufacturing scale-up, and commitment to innovation, NanoTech Materials is solidifying its reputation as a high-growth startup transforming the built environment.
To learn more about Houston’s fastest-growing scaleups, visit: Meet 5 of the Fastest-Growing Scaleup Companies in Houston
