Sintermat raises 6 million to accelerate its development, Financing

After an initial fundraising of 3 million euros at the end of 2018, the deeptech Sintermat based in Montbard, in the heart of Metal Valley, in Côte-d’Or, has just completed a second funding round of 6 million euros. to accelerate the industrialization of innovative materials. Among the investors are the Definvest fund, managed by Bpifrance and launched with the Ministry of the Armed Forces, already present in the capital, as well as Safran Corporate Ventures.

The company was founded in 2016 by Foad Naimi and Professor Frédéric Bernard to industrialize flash sintering technology (or SPS) and develop its promises of augmented materials, in the continuity of the work carried out within the Interdisciplinary Carnot Laboratory of Burgundy (ICB ).

The funds raised will enable Sintermat to move into new premises, complete its machine park, finance its quality control laboratory for mass production and strengthen its current team of 21 people, with the aim of tripling workforce within three years.

Vine shoot and oyster shell

A powder metallurgy process, flash sintering differs from conventional sintering by the passage of an electric current through the tool which, “if the powder is conductive”, specifies Foad Naimi, further increases the properties of the material by giving it a longer life and higher strength. Even better, this still underdeveloped technology consumes three to five times less energy depending on the materials, and its implementation is much faster.

“What sets us apart is our ability to master the industrial scale and to design augmented materials from materials as varied as metals, ceramics, carbides, plastic, but also cork, vine shoots and even the oyster shell,” adds the president.

Sintermat already has around fifty customers in aeronautics, defence, industrial tooling but also luxury and packaging, very interested in the creativity promised by these new materials, and in their ability to recycle waste. The company is aiming for a turnover of more than 10 million euros within three years.

Fundraising

Creation date : 2016

President : Foad Naimi

Rising : 6 million euros

Effective : 21 people

Sector: Materials

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