actnano Raises $40M Funding

actnano, a Malden, MA-based company which specializes in surface protection technologies for automotive, consumer, and industrial electronics, raised $30M in funding.

The round was led by Anthelion Capital.

The company intends to use the funds to expand its technical sales and services presence, as well as to increase production volumes and efficiencies to meet the global demand for their product.

Led by CEO Taymur Ahmad, actnano enables electronics protection with its water and environmental resistant nanocoating technology, Advanced nanoGUARD™. Its surface protection technologies can be applied directly on connectors, antennas, LEDs, and high heat-generating components, allowing electronics manufacturers to safeguard their devices for the first time. With a scalable solution that integrates into existing manufacturing lines, actnano is positioned to expand its global presence with automotive and consumer electronics manufacturers. Today, the company is a used partner to global automotive and consumer electronics OEMs and Tier-1 suppliers as customers and investors. ANG technology is already integrated into production vehicles and the world’s leading consumer devices.