Adaptive Surface Technologies, Inc.

Adaptive Surface Technologies, Inc. develops innovative surface coatings that enhance performance by offering fluid repellency, contamination resistance, and anti-fouling features, catering to diverse industries including marine, consumer goods, and medical applications. Adaptive Surface Technologies, Inc. was founded in 2014 and operates out of Cambridge, US.

The company focuses on creating advanced surface coatings and has undergone no significant pivots in its business strategy. The founder's background specifically in surface technology is not detailed. The company has successfully raised a total of USD 3. 82 mn in its latest funding round, the Series D, which occurred on February 22, 2022, with investments from AkzoNobel, Anzu Partners, BASF Treuhand GmbH & Co.

KG, and Tokyo Electron, among others. The total amount raised by the company to date stands at USD 3. 82 mn, and its current valuation is USD 12. 93 mn.

Adaptive Surface Technologies, Inc. (AST) specializes in advanced surface coatings that provide repellent properties against fluids, contaminants, ice, and biological foulants. Their main products include SLIPS® liquid surface coatings, designed to be 100% liquid, ultra-smooth, and non-stick, surpassing traditional non-stick materials like Teflon®. The offerings are categorized into SLIPS® Repel for industrial purposes and SLIPS® Zero for consumer packaging.

Additionally, AST has developed SLIPS® Foul Protect, which leverages proprietary Surface Active Polymer (SAP) additives to prevent marine biofouling, and is also investigating anti-ice solutions for the aviation industry. The company has a broad client base across North America, Europe, and Asia, encompassing sectors like consumer goods, industrial, marine, and medical applications. AST operates on a B2B model, selling its products through direct sales and partnerships with manufacturers in various industries. Their revenue largely comes from proprietary products like SLIPS® coatings and SAP additives, targeted at businesses in industrial manufacturing, marine operations, and consumer packaging.

Clients typically engage in bulk orders, facilitated through negotiated contracts that dictate quantities and delivery terms tailored to their operational needs. The focus on environmental impact and performance positions AST's products as premium solutions in their markets. In February 2022, Adaptive Surface Technologies, Inc. raised USD 3.

82 million in venture funding from AkzoNobel and other investors to support its business expansion and product development. The company plans to introduce new products aimed at enhancing their existing surface technologies, although specific release dates have not been disclosed. Further, AST is strategizing to expand its market presence, particularly targeting opportunities in new geographic regions and industries. The funding is intended to bolster these initiatives, thereby facilitating growth into additional markets.