Innova Dynamics Gets $5.5 Million in Series A funding

Date:   Friday , June 04, 2010

Innova Dynamics, an advanced meterials technology company, has raised $5.5 million in Series A funding. This round of funding is led by Rho Ventures along with the participation of MentorTech Ventures.

According to Innova Dynamics, it aims to focus the commercialization efforts of the company's flagship Innlay technology,” said Innova Dynamics CEO Alexander Mittal, “Our patent-pending Innlay technology enables the rapid and efficient creation of vastly improved and unprecedented material properties and devices.” Innova's founders are Mittal and Arjun Srinivas who is also the Chief Operating Officer of the company and they both studied engineering and business at University of Pennsylvania.

Innova Dynamics invents and commercializes disruptive advanced materials technologies for a sustainable future. Innova Dynamics partners with other technology companies to deliver urgently needed solutions enabled by its portfolio of proprietary technologies, which impact a broad range of fields including electronics, optics, energy, water treatment, coatings, biology, chemistry, and more. Innova Dynamics works with Fortune 500 companies, innovative SMEs and non-profits, and government entities.