Tantaline Snaps Up $3.6M

8/5/11

Waltham, MA-based Tantaline, a developer of corrosion-resistant surface alloy technology, announced yesterday that it had pulled in $3.6 million in Series B financing, led by Harvard, MA-based Berwind Private Equity, and Danish firms Vaekstfonden and CC Holdings. Tantaline’s technology enables materials to achieve greater energy efficiency in high chemical, pressure, and temperature environments—for applications in the oil and gas, chemical processing, energy, pharmaceuticals, and mining industries. The company said the new investment will help it expand its markets and technical capabilities in the U.S. and Europe.

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