Startups,  TC

Founders Fund Leads $33.5M Round For Modumetal, Maker of Nanolaminated Metals For The Oil And Gas Industry

christinalomasney Founders Fund, the venture firm co-created by Peter Thiel, is entering yet another surprising area that you don’t commonly see with Silicon Valley VCs.
They’re backing a materials sciences company called Modumetal, which is making nanolaminated metals for use in the oil and gas industry. With currently used metals, pipes and equipment can corrode pretty easily, leading to $2.2… Read More