TDK Ventures supports actnano, an innovative nanomaterial coating technology company

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SAN JOSE, November 30, 2021 / PRNewswire / – TDK Corporation (TSE: 6762) today announced that its subsidiary TDK Ventures, Inc. has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its smart coating solutions that protect a variety of products. actnano is currently focused on automotive customers and already has its coatings applied to components in around 1.2 M vehicles on the road today. Its main customers include global automotive and consumer electronics OEMs and Tier 1 suppliers.

Actnano’s nanocoating technology is uniquely designed to ensure that automotive electronics continue to operate in wet, damp or other harsh environmental conditions. Their hydrophobic and electrically insulating coating can be applied directly to connectors, antennas, LEDs and components that generate a lot of heat. Since many types of components and connections have historically been uncoated and therefore vulnerable to water damage, this is a game-changer for the industry.

By partnering with actnano, TDK Ventures continues to deliver on its commitment to invest in startups leveraging innovations in basic materials science to contribute to society and the planet for the betterment of humanity.

Chairman of TDK Ventures Nicolas Sauvage said, “The rapid growth of electric vehicles and self-driving vehicles over the past decade has been astounding. Protecting the electronics of these vehicles, including their Advanced Driver Assistance Systems (ADAS), is vital to the continued safety of the general public. , as well as the continued growth of electric vehicles, which play an important role in reducing our dependence on fossil fuels. For this reason, actnano is a significant investment for TDK Ventures. We look forward to working with actnano and our co-investors, to accelerate the acceleration of the market adoption of their breakthrough coatings. “

“When automotive electronics, like autopilot systems, interact with water or other environmental stressors, the consequences can be dire. There has been virtually no innovation in the protective coatings category for decades. With the explosion of autonomous and tech-laden vehicles, a better solution was needed, ”said Taymur Ahmad, CEO of actnano. “Therefore, this triggered the genesis of our nanomaterial coating technology. I am delighted that TDK Ventures has joined our Series B funding. TDK’s ethos of contributing to society by supporting entrepreneurs who like actnano are dedicated to making the world a better place speaks highly of them. . “

The $ 21.75 million The B Series fundraising round was led by BMW i Ventures with participation from TDK Ventures, Hella Ventures, Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures and Material Impact, who bring unique value to the growth of actnano.

To learn more about TDK Ventures, visit www.tdk-ventures.com or contact [email protected].

About TDK Corporation

TDK Corporation is a global leader in electronic solutions for the intelligent society based in Tokyo, Japan. Built on a basis of mastery of materials sciences, TDK welcomes societal transformation by remaining resolutely at the forefront of technological development and deliberately “Attracting Tomorrow”. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive and innovative portfolio includes passive components such as ceramic, electrolytic aluminum and film capacitors, as well as magnetic, high frequency, piezoelectric and protection devices. The product line also includes sensors and sensor systems such as temperature and pressure, magnetic and MEMS sensors. Additionally, TDK provides power supplies and devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on the demanding automotive, industrial and consumer electronics, as well as information and communication technology markets. The company has a network of design and manufacturing sites and sales offices in Asia, Europe, and in the North and South America. In fiscal 2020, TDK recorded total sales of $ 13.3 billion and employed approximately 129,000 people worldwide.

About TDK Ventures

TDK Ventures Inc. invests in startups to drive innovation in materials science, energy / electricity and related fields typically under-represented in venture capital portfolios. Founded in 2019 as a wholly owned subsidiary of TDK Corporation, the vision of the venture capital firm is to propel digital and energy transformations in segments such as health and wellness, next generation transportation, robotics and industry, mixed reality and IoT / IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners can contact TDK Ventures: www.tdk-ventures.com Where [email protected].

About actnano:

actnano sets a new standard in electronic protection with its commercialized water and environmentally resistant nanocoating technology, Advanced nanoGuard â„¢ (ANG). The company’s wet ANG coatings can be applied directly to connectors, antennas, LEDs and high heat-generating components, allowing electronics manufacturers to completely protect their devices for the first time. With a scalable turnkey solution that integrates seamlessly with existing manufacturing lines, actnano is well positioned to expand its global presence with leading automotive and consumer electronics manufacturers. Today, the company is a trusted partner of global automotive and consumer electronics OEMs and Tier 1 suppliers as customers, with its ANG technology already embedded in production vehicles and major smartphones in the world. For more information, please visit www.actnano.com.

You can download this text and associated images from www.tdk-ventures.com/tdk-ventures-backs-innovative-nanomaterials-coating-technology-company-actnano-inc

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SOURCE TDK Ventures


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