Detroit Materials

Detroit Materials Overview

Founded 2013
Founded
Status Out of Business
Employees 2
Employees
Latest Deal Type Out of Business

Detroit Materials General Information

Description

Manufacturer and distributor of advanced materials intended for their subsequent usage in demanding applications in the defense, off-highway, tooling, and transportation industries. The company's materials include low-alloy steel and cast iron whose manufacturing process creates steel with an average 40% lower material cost and similar properties to exotic alloys such as boron, nickel and cobalt steels for use in automotive, defense and mining applications, enabling the defense, off-highway, tooling, and transportation industries to get cost and performance advantages over current high alloy materials.

Contact Information

Ownership Status
Out of Business
Financing Status
Formerly VC-backed
Primary Industry
Industrial Supplies and Parts
Other Industries
Iron and Steel Mining
Primary Office
  • 33225 Grand River Avenue
  • Farington, MI 48336
  • United States
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Detroit Materials Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Out of Business 01-Nov-2019 00000 Completed Out of Business
5. Grant 01-Jan-2016 00000 00000 Completed Startup
4. Grant 24-Apr-2015 0000 00000 Completed Startup
3. Grant 01-Jan-2015 00000 00000 Completed Startup
2. Early Stage VC 06-Jun-2014 $250K $250K Completed Startup
1. Grant 01-Jun-2014 $175K Completed Startup

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