Thursday, September 24, 2020

Helicoid Industries Finds $2.4M

Indio, California-based Helicoid Idustries, a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. According to a regulatory filing by the firm, it raised $2,425,810 from 3 investors so far in the funding round. Helicoid is a spinout of the University of California Riverside. UC Riverside licensed out the technology for Helicoid in March of 2019, to commercialize their bio-inspired patented helicoid architecture for use in composite materials. Helicoid is led by CEO Chad Wasilenkoff; Wasilenkoff spoke about the company's technology last year with socaltech. More information »

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