NanoSteel closes $15M equity round

DAVID PARATORE, NANOSTEEL CEO and president, says that the company's recent $15 million round of equity investment will allow it to concentrate on developing its lightweight steel alloy and getting manufacturers to use the material.  / PBN FILE PHOTO/MICHAEL SALERNO
DAVID PARATORE, NANOSTEEL CEO and president, says that the company's recent $15 million round of equity investment will allow it to concentrate on developing its lightweight steel alloy and getting manufacturers to use the material. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – NanoSteel Company Inc., an advanced materials firm, recently closed a multimillion dollar equity round, opening the door for commercialization of its high-strength, lightweight sheet steel. NanoSteel, founded in 2002, is a private company that designs and commercializes patented steels. Its current focus are lightweight sheet steel for the auto industry and metal powders…

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