Funding Accelerates Deployment of Pilot Systems with Established Commercial Partners
BOSTON, June 5, 2024 -- SiTration, a materials recovery company serving the mining and metals industries, today announced it has raised $11.8 million in seed capital. The financing round was led by 2150 with participation from BHP Ventures, Extantia, and Orion Industrial Ventures. Previous investors Azolla Ventures and MIT-affiliated E14 Fund also participated in the oversubscribed round. The funding will be used to scale the company's novel solution for the recovery of critical metals and minerals and to deploy pilot systems with commercial partners.
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