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DFJ VTB Capital Aurora and AGC America Inc. Invest US $5 million in Rolith, Inc.


Tags: venture capital

Apr 5, 2012
Rolith, Inc., the leader in developing advanced nanostructured coatings and devices, today announced that it has received Series A funding totaling $5 million from DFJ VTB Capital Aurora and AGC America Inc.

As the leader in developing advanced nanostructured coatings for renewable energy, green building, and consumer electronics markets, Rolith will utilize the $5 million investment to step up business development in an effort to address the current market need for industrial-scale nanostructured coatings. The US $5 million investments will also be used to expand the engineering team and further research and development.

Rolith coatings are enabled by a proprietary nanolithography system, which offers superior throughput, lower cost and higher quality compared to existing methods. The company was formed by Dr. Boris Kobrin, Prof. Mark Brongersma and Julian Zegelman in 2008.

Aidar Kaliev, Global Head of Venture Capital at VTB Capital, said: “We are excited to lead the Series A investment in Rolith, Inc. We believe that the company’s proprietary large-scale nanocoating method has great potential to become the new standard for a huge variety of industrial and consumer applications. The team has an impressive track-record with several nanotech start-ups, it combines Russian and US scientific backgrounds and has the necessary skills and experience to lead the company to success.”

Boris Kobrin, Founder and CEO of Rolith, said: “We are very fortunate to have the support of world’s leading glass producer, AGC (Asahi Glass Company) Group, and DFJ VTB Capital Aurora, a highly reputable nanotechnology investor associated with one of the major Russia’s banking groups, VTB Group. This investment will allow us to scale up our nanostructuring technology to substrate areas larger than what is offered by any competitors and demonstrate feasibility of the first few of our nanostructured coatings.”

Naoki Sugimoto, General Manager of Global Technology Networking at AGC America Inc., said: “Rolith’s nanostructure technology -- which can be applied cost effectively to large areas of glass -- could open the door for practical applications to products beyond our current imagination.”

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