MALDEN, Mass., October 16, 2024 – actnano, Inc., a global leader in surface protection technologies for automotive, consumer, and industrial electronics, announced a second close of its Series C funding round with an additional $3M investment from Ericsson Ventures.
actnano’s innovative solutions are trusted globally by leading electronics manufacturers and suppliers to provide advanced protection from water and harsh environmental conditions.
“Our technology redefines electronics protection, especially in the rapidly advancing fields of AI, IoT, and critical infrastructure,” said Taymur Ahmad, CEO of actnano. “With growing demand for safer alternatives to traditional conformal coatings, we are empowering next-generation devices and systems. Our products deliver the robust protection needed for modern, high-performance and liquid-cooled electronics across these industries.”
“As 5G infrastructure and related technologies become increasingly vital, we believe actnano’s protective coatings could enhance the durability and reliability of telecom equipment and IoT devices, which need to function in diverse environmental conditions,” said Graham Ackerman, Vice President of Strategic Development at Ericsson Ventures. “We believe actnano’s innovative technology could be crucial in protecting IoT hardware from the elements, ensuring long-lasting functionality in applications such as smart cities, industrial automation, and autonomous vehicles.”
Ericsson Ventures is the corporate venture capital arm of Ericsson, a leading global provider of high-performing networks equipment and services that provide connectivity for billions of people every day. Ericsson Ventures invests in high-potential companies and startups, primarily in areas related to 5G, artificial intelligence, cloud computing, IoT (Internet of Things), and other emerging technologies that align with Ericsson’s strategic goals. For more information about Ericsson Ventures, please visit www.ericsson.com/ventures.
An additional Series C investment by Anthelion Capital was announced earlier this year. Previous rounds have included investments from BMW i Ventures, Porsche Ventures, HELLA Ventures, TDK Ventures, Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures, and Material Impact.