Gradiant, a Boston, MA-based provider of advanced water and wastewater treatment solutions, raised $225M in first close of Series D funding.
The round was led by BoltRock Holdings and Centaurus Capital, bringing its total funding to date to over $400M and its valuation to $1 billion. Craig Huff, Founder and Managing Member of BoltRock Holdings, and Mark Danchak of General Innovation Capital will join the company’s board.
The company intends to use the funds to continue its expansion into strategic markets, support growth into new geographies, such as the Middle East and Europe, and further accelerate its R&D programs.
Founded by Prakash Govindan (COO) and Anurag Bajpayee (CEO), Gradiant designs, builds, and operates end-to-end water treatment solutions for the world’s most important industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. The company’s proprietary technologies and integrated digital solutions reduce water usage, reclaim valuable resources, and renew wastewater into freshwater for some of the world’s largest companies, including Micron, TSMC, GSK, Pfizer, SLB, Rio Tinto, AB InBev, and Coca-Cola.
The company was founded at MIT and has over 900 employees worldwide.