Syzygy Plasmonics, founded in 2018, is a pioneering startup with a vision to revolutionize the chemical industry using sustainable technologies. Operating from the United States, the company focuses on decarbonizing the chemical industry, responsible for almost 20 percent of industrial CO2 emissions, by utilizing light instead of combustion to drive chemical reactions. The Rigel reactor cells, a highlight of Syzygy's innovative approach, channel light into high-efficiency photocatalysts, offering a lower-carbon and lower-cost solution for chemical producers. Syzygy stands out from its counterparts as its reactor cells are designed to support multiple reactions, with current applications including CO2-to-eFuels projects and hydrogen production from Ammonia e-Cracking or Combustion-Free Steam Methane Reforming. The company's progressive mission to prevent a gigaton of CO2 from entering the atmosphere by 2040 underscores its commitment to sustainability. In line with its ambitious vision, Syzygy is actively working on expanding its range of sustainable chemical production processes. Additionally, the latest Venture Round investment at 21 February 2024, led by Zeon Ventures, indicates growing investor confidence in Syzygy's disruptive approach and potential impact on the industry. With its strong focus on sustainable solutions, Syzygy Plasmonics is poised to pave the way for a cleaner and more environmentally conscious future. Follow them to stay updated on their journey towards a more sustainable tomorrow.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Unknown | 1 | 21 Feb 2024 | |
Corporate Round | Unknown | 1 | Mitsubishi Heavy Industries | 10 Oct 2023 |
Series C | $76.00M | 10 | Sumitomo Corporation of America, Lotte Group +1 | 16 Nov 2022 |
Grant | $961.38K | 1 | 26 Apr 2021 | |
Non Equity Assistance | Unknown | 1 | 14 Apr 2021 |
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