Innova Dynamics raises $ 5.5 Million in series A funding

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Bangalore: 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.

Mittal further explained, "We now look to expand the company's reach with the resources and global network of our new investor partners, which allows us to accelerate the speed with which we develop successful commercial partnerships and extract maximum value from our technologies."

Rho Ventures Co-Founder and Managing Partner Joshua Ruch remarked, "Innova Dynamics has the potential to disrupt large markets in multiple industries with its game-changing technology."

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