Industry landscapes
The companies, capital and talent shaping advanced materials in the United States. Find the leaders. Understand the segments. See where the activity is.
An industry ecosystem,
measured in context.
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.
Explore classified startups in Radar ↗A few useful ratios bring the size of this ecosystem into perspective.
33 of 552 tracked companies have open roles.
291 of 552 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 720 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 43.6% of disclosed capital, while 47.3% of tracked companies have no recorded funding round.
Explore the segments →Recorded company formation and disclosed funding across the complete annual series shown.
Sum of recorded funding rounds · USD
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $278.88M | 31 | 46 |
| 2017 | $998.58M | 30 | 55 |
| 2018 | $2.66B | 31 | 64 |
| 2019 | $575.26M | 21 | 61 |
| 2020 | $472.76M | 27 | 62 |
| 2021 | $1.4B | 28 | 59 |
| 2022 | $722.36M | 9 | 59 |
| 2023 | $589.47M | 8 | 57 |
| 2024 | $852.64M | 3 | 48 |
| 2025 | $431.69M | 2 | 42 |
Share of all disclosed company funding.
820 recorded rounds since 2016
Recorded participation in advanced materials company rounds since 2016.
Backed by .
Backed by HPI Real Estate and GOOSE Capital and others.
Backed by Invest Appalachia.
Backed by Fibers Fund.
Backed by SoftBank Vision Fund.
Participating investors were not recorded in this snapshot.
Backed by SK and 5AM Ventures and others.
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Backed by Fresenius Medical Care.
Backed by Access Industries and Bangkok Bank and others.
Participating investors were not recorded in this snapshot.
Backed by Corning and NZ Super Fund.
Backed by Cambridge Companies SPG and Eni Next and others.
Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.
Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.
FY2025 · company accounts; aggregate reporting threshold not met · 2 reporting entities from 12 eligible matches.
Sum of reporting-entity revenue; not the United States market sales.
Combined result for the same cohort.
Combined net income ÷ combined revenue.
The middle covered reporting entity.
None of 2 covered entities.
Share of covered revenue from the five largest entities.
Reported cohort totals by year; coverage is stated for every period.
Bar height shows revenue. Changes in coverage can affect totals.
FY2025 · 2 reporting entities
Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.
| Company / reporting entity | Revenue | Net profit / loss | Net margin | Revenue growth | Total assets |
|---|---|---|---|---|---|
| AxoGen ↗805928 | $225.2m | $-15.7m | -7.0% | — | — |
| Smart Glass ↗793524 | $1.1m | $-2.0m | -182.4% | — | — |
Explore full company accounts and filings.
Choose “View accounts” to inspect an available company preview.
Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.
| Industry | Covered / eligible | Revenue total | Median revenue | Net profit / loss | Aggregate margin | Profitable share | Overlap |
|---|
Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.
Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.
The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.
Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.
Explore the segments behind the headline numbers.
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
The largest measured segment in this report snapshot.
28 companies hiring · $10.6B disclosed funding
Explore in RadarCommon revenue models; a company can use more than one.
Recorded corporate activity linked to companies in this landscape.
The transaction follows Forge Nano’s fundraising round that garnered $82.2 million in commitments.
NanoTech Materials has now raised a total of $34.4M in total equity funding and is backed by GOOSE Capital, HPI Real Estate Services & Investments, and Milliken & Company.
Rubi, the company pioneering the next era of manufacturing with technology that transforms carbon into essential materials, today announces a $7.5 million funding round and significant commercial traction, including multi-year offtake term sheets worth over $60M with leading fashion brands and manufacturers, eight new commercial partnerships, and moving pilots into larger-scale production testing.
Avisi Technologies – $10.8M
MycoWorks has been acquired by DFX Corp and undergone a strategic restructuring to expand the reach of its Fine Mycelium technology.
5E Advanced Materials, Inc. (Nasdaq:FEAM) (ASX:5EA) today announced the closing of its previously announced best efforts public offering of common stock in the United States.
Axogen, Inc. (Nasdaq: AXGN ), a global leader in developing and marketing innovative surgical solutions for the restoration of peripheral nerve function, today announced that it intends to offer and sell, subject to market and other conditions, $85.0 million of shares of its common stock in a proposed underwritten public offering.
Humacyte, Inc. (Nasdaq: HUMA), a commercial-stage biotechnology platform company ... announced that it has entered into a credit facility with Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, providing up to $77.5 million in principal amount of new financing.
Solventum Corporation (NYSE:SOLV) gained 9.09% this week. The company announced it has agreed to acquire Acera Surgical for $725 million in cash plus up to $125 million in contingent cash payments.
Origin Materials Inc (NASDAQ:ORGN) secured financing that strengthens its balance sheet and provides access to additional capital, supporting manufacturing capacity buildup.
Top 10 categories among 307 recorded events in the 24-month window.
8 companies with recorded IPO activity
SPAC · Nasdaq1 reports
OFS · NASDAQ4 reports
Follow-on Offering · NASDAQ2 reports
IPO · NASDAQ2 reports
IPO · Nasdaq4 reports
IPO activity1 reports
IPO · Nasdaq1 reports
Follow-on Offering1 reports
5 tracked people moves
Appointment Board Member of the Board of Directors
Appointment Chief Technology Officer
Promotion North American Sales Director
Appointment board member
Appointment Vice President of Marketing
Products, platforms and features in the recorded window
Coating
16 recorded customer wins
Customer: HP EmbalagensPackaging
Customer: inditex
Customer: IngevityBattery materials
Customer: REI Co-opSustainable textiles
Customer: Chevron Technology VenturesOil & Gas
Customer: berlin packagingPackaging
2 companies with reported reductions
32.0% rolescost reduction
82 rolesliquidity shortage
1 recorded events
regulatory approvals satisfied
6 tracked suits
securities fraud, misleading statementsSecurities Fraud · Ongoing
securities fraudClass Action · Filed
Reported company results in the recorded window.
Median across 24 reported growth observations; companies may contribute multiple periods.
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| DFX Corp→MycoWorks ↗ | Completed | 2026-02-09 | Not stated in snapshot |
| Solventum→Acera Surgical ↗ | Announced | 2025-11-24 | $850.0M |
| WinCup→Conver Pack | Announced | 2025-07-29 | Not stated in snapshot |
| teknor apex→Danimer Scientific ↗ | Announced | 2025-06-10 | Not stated in snapshot |
| Nxu, Inc.→Verde ↗ | Announced | 2025-04-08 | Not stated in snapshot |
| kuraray→Nelumbo ↗ | Announced | 2025-04-02 | Not stated in snapshot |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
314 postings in the preceding 12 months. The full 553-posting snapshot covers 49 employers.
9 tracked postings mention remote work.
179 postings specify a level.
Top skills across 553 tracked postings in the available jobs snapshot.
Median across 51 postings with pay data, expressed in USD.
| Company | Open roles |
|---|---|
| Cerapedics ↗ | 7 |
| Forge Nano ↗ | 7 |
| AxoGen ↗ | 6 |
| ZwitterCo ↗ | 5 |
| WinCup ↗ | 5 |
| Boston Materials ↗ | 4 |
| Claros Technologies ↗ | 4 |
| actnano ↗ | 4 |
| Company | Employees |
|---|---|
| HZO Waterproof Technologies ↗ | 2,000 |
| AxoGen ↗ | 809 |
| Ceramic Pro ↗ | 256 |
| Origin Materials ↗ | 201 |
| NatureWorks ↗ | 164 |
| Newlight Technologies ↗ | 149 |
| Bolt Threads ↗ | 141 |
| Ecovative ↗ | 106 |
460 founders and chief executives across 315 companies.
Phononic Devices, MEGE Associates, ex-CEO Siva Power, QuantumScape. MIT 1983
Bioaesthetics, Loyola University Chicago Stritch School of Medicine, 2003
Natureworks, ex-Nexeon, ex-Ingevity, Washington University in St. Louis
Biocom, ex-Gt Life Sciences, UC San Diego, 2000
Ex-Juneau Economic Development Council, Wells Fargo, Garvey Processing. Eastern New Mexico University 2004
Ex-MEI Project Engineers, DuPont, Dow, Procter & Gamble
Westpak, Underwriters Laboratories, UL, Silicon Valley Solutions. Fairleigh Dickinson University BSEE 1985, Stevens Institute of Technology MEEE 1988
Arcaea, ex-Gadusol Laboratories, ex-Uc Berkeley, University of California, Berkeley, 2010
Princeton University BA 2004
Enerblock, ex-Pneumaticoat Technologies, ex-Navolta, University of Colorado Boulder, 2008
Co-Founder Fork & Good, The Resolution Project, Starlight Ventures, ex-Organovo, McKinsey. Harvard University BA 1999, Wharton School MBA 2005
Co-Founder MyFOREST Food, ex-Brookhaven National Laboratory. Rensselaer Polytechnic Institute BS 2007
79 profiles with education records.
9 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
2,135,259 articles in the measured 12-month window.
Advanced Materials coverage across United States · articles per complete quarter
| Quarter | Articles |
|---|---|
| 2021Q2 | 465,198 |
| 2021Q3 | 488,010 |
| 2021Q4 | 463,800 |
| 2022Q1 | 505,070 |
| 2022Q2 | 497,209 |
| 2022Q3 | 511,336 |
| 2022Q4 | 573,225 |
| 2023Q1 | 598,342 |
| 2023Q2 | 593,684 |
| 2023Q3 | 534,586 |
| 2023Q4 | 500,425 |
| 2024Q1 | 517,995 |
| 2024Q2 | 503,983 |
| 2024Q3 | 490,940 |
| 2024Q4 | 519,383 |
| 2025Q1 | 787,645 |
| 2025Q2 | 535,168 |
| 2025Q3 | 1,278,765 |
| 2025Q4 | 265,415 |
| 2026Q1 | 383,539 |
| 2026Q2 | 207,540 |
Article volume measures coverage, not market sales.
460 recorded company events across 65 companies; percentages use that event total.
Advanced Materials coverage across United States · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Advanced Materials coverage across United States
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| countries | 3,925 | 1,959 | 100% |
| etf trading | 2,577 | 1,063 | 142% |
| oil price volatility | 2,575 | 1,139 | 126% |
| etfs | 2,160 | 879 | 146% |
| sector etfs | 2,045 | 840 | 143% |
| etf products | 1,964 | 761 | 158% |
| etf structures | 1,867 | 739 | 153% |
| export sanctions | 1,730 | 617 | 180% |
| commodity trading | 1,725 | 696 | 148% |
| gold spot price | 1,592 | 801 | 99% |
| tariff negotiations | 12,582 | 21,183 | -41% |
| free trade deals | 5,326 | 8,527 | -38% |
| stock price | 2,427 | 3,923 | -38% |
| trade enforcement | 1,992 | 3,277 | -39% |
| bilateral trade imbalance | 1,754 | 2,732 | -36% |
Advanced Materials coverage across United States
territories, disputed islands, tariff negotiations
41.4% critical · 19.7% positiveinvestment deal, inflation reports fx, currency intervention policies
45.2% critical · 40.2% positiveearnings report, quarterly results, quarterly financials
34.4% critical · 44.4% positiveAdvanced Materials coverage across United States. Topic labels describe recorded classifications and can include broad context.
1,306 papers in the recorded india scope.
Tone counts: 1,246 positive · 56 neutral · 4 negative.
Landmark: Covalent adaptable networks: smart, reconfigurable and responsive network systems
Landmark: Global Performance Indices for Dynamic Crystals as Organic Thermal Actuators
Landmark: A review of stimuli-responsive shape memory polymer composites
Common problems researchers identify · 0147.5% of this theme group
Researchers highlight integration, durability, and scalability issues for smart materials in electronic textiles.
Smart material (14) · Textile (5) · Nanotechnology (9) · Wearable computer (3)
Smart textiles: A toolkit to fashion the future
Smart materials and devices for electronic textiles
| Year | Share index |
|---|---|
| 2022 | 6029.3 |
| 2023 | 6048.6 |
| 2024 | 6417.4 |
| 2025 | 5070.4 |
Common problems researchers identify · 0228.8% of this theme group
Papers point to material compatibility, control precision, and biocompatibility constraints for smart biomaterials and actuators.
Smart material (11) · Structural health monitoring (2) · Biomaterial (2) · Actuator (3)
Smart Materials for Microrobots
On the road to smart biomaterials for bone research: definitions, concepts, advances, and outlook
| Year | Share index |
|---|---|
| 2022 | 80.8 |
| 2023 | 84.6 |
| 2024 | 68.1 |
| 2025 | 82.7 |
Common problems researchers identify · 0313.6% of this theme group
Authors discuss synthesis complexity, response speed, and stability challenges for nanostructured polymer systems.
Nanotechnology (5) · Polymer (3) · Spiropyran (2) · Nanomaterials (2)
New directions in thermoresponsive polymers
Stimuli-responsive polymer gels
| Year | Share index |
|---|---|
| 2022 | 6293.3 |
| 2023 | 6304.1 |
| 2024 | 6630.5 |
| 2025 | 5292.4 |
Common problems researchers identify · 0410.2% of this theme group
Works note mechanical weakness, limited healing cycles, and integration difficulty for soft robotic hydrogel platforms.
Self-healing hydrogels (5) · Biomimetics (2) · Soft robotics (2) · Flexibility (2)
Multifunctional soft machines based on stimuli-responsive hydrogels: from freestanding hydrogels to smart integrated systems
Stimuli-Responsive Chemomechanical Actuation: A Hybrid Materials Approach
| Year | Share index |
|---|---|
| 2022 | 296.1 |
| 2023 | 311.2 |
| 2024 | 328.9 |
| 2025 | 413.3 |
Opportunities · 0120.1% of this theme group
Studies explore versatile, responsive polymer designs for applications ranging from sensing to adaptive structures.
Smart material (152) · Nanotechnology (52) · Smart polymer (11) · Polymer (24)
Responsive Polymers as Smart Nanomaterials Enable Diverse Applications
Smart and Responsive Micro‐ and Nanostructured Materials
| Year | Share index |
|---|---|
| 2022 | 6017.2 |
| 2023 | 6036.8 |
| 2024 | 6407.9 |
| 2025 | 5059.4 |
Opportunities · 0219.4% of this theme group
Research emphasizes tunable, biocompatible shape‑memory alloys and polymers for reconfigurable devices.
Shape-memory alloy (165) · Shape-memory polymer (79) · SMA* (43) · Pseudoelasticity (16)
Magnetic Shape Memory Polymers with Integrated Multifunctional Shape Manipulation
Strong, Tailored, Biocompatible Shape‐Memory Polymer Networks
| Year | Share index |
|---|---|
| 2022 | 188.9 |
| 2023 | 195.6 |
| 2024 | 215.0 |
| 2025 | 202.7 |
Opportunities · 0316.3% of this theme group
Papers present magnetic fluids and elastomers enabling controllable stiffness and morphing capabilities.
Magnetorheological fluid (19) · Actuator (54) · Magnetorheological elastomer (10) · Stiffness (16)
Magnetic Dynamic Polymers for Modular Assembling and Reconfigurable Morphing Architectures
Shape morphing mechanical metamaterials through reversible plasticity
| Year | Share index |
|---|---|
| 2022 | 299.4 |
| 2023 | 285.0 |
| 2024 | 228.3 |
| 2025 | 279.7 |
Opportunities · 0415.8% of this theme group
Works showcase healable, biocompatible composites that combine nanotechnology with responsive healing mechanisms.
Self-healing hydrogels (37) · Nanotechnology (51) · Self-healing (11) · Biocompatibility (10)
Embedded 3D Printing in Self‐Healing Annealable Composites for Precise Patterning of Functionally Mature Human Neural Constructs
Shape-programmable and healable materials and devices using thermo- and photo-responsive vitrimer
| Year | Share index |
|---|---|
| 2022 | 6142.9 |
| 2023 | 6168.3 |
| 2024 | 6553.4 |
| 2025 | 5274.8 |
Opportunities · 0510.1% of this theme group
Research highlights 4D‑printed liquid‑crystal elastomers delivering programmable actuation for soft robotic systems.
Elastomer (73) · Liquid crystal (30) · Soft robotics (24) · Actuator (34)
Molecularly‐Engineered, 4D‐Printed Liquid Crystal Elastomer Actuators
4D-Printable Liquid Metal–Liquid Crystal Elastomer Composites
| Year | Share index |
|---|---|
| 2022 | 175.0 |
| 2023 | 175.0 |
| 2024 | 168.5 |
| 2025 | 183.3 |
Opportunities · 069.5% of this theme group
Studies investigate recyclable, high‑performance composites for wearable sensors and self‑powered devices.
Piezoelectricity (66) · Triboelectric effect (11) · Energy harvesting (16) · Piezoelectric sensor (10)
Growing recyclable and healable piezoelectric composites in 3D printed bioinspired structure for protective wearable sensor
Effective Properties of Carbon Nanotube and Piezoelectric Fiber Reinforced Hybrid Smart Composites
| Year | Share index |
|---|---|
| 2022 | 189.5 |
| 2023 | 196.1 |
| 2024 | 191.0 |
| 2025 | 230.0 |
Opportunities · 078.7% of this theme group
Papers develop embedded, piezoresistive materials that provide real‑time strain sensing in civil infrastructure.
Structural health monitoring (25) · Smart material (42) · Piezoresistive effect (10) · Structural engineering (13)
Smart aggregates: multi-functional sensors for concrete structures—a tutorial and a review
An Experimental Study on Static and Dynamic Strain Sensitivity of Embeddable Smart Concrete Sensors Doped with Carbon Nanotubes for SHM of L
| Year | Share index |
|---|---|
| 2022 | 63.3 |
| 2023 | 67.1 |
| 2024 | 51.9 |
| 2025 | 70.8 |
Orientation shares compared with 25,000 papers in the reference sample.
| Research orientation | This field | Reference sample |
|---|---|---|
| Breakthrough | 41.4% | 26.6% |
| Promising | 37.0% | 36.9% |
| Descriptive | 14.2% | 17.2% |
| Problem-identifying | 4.4% | 9.9% |
| Comparative | 1.9% | 4.1% |
| Cautionary | 0.7% | 4.6% |
| Critical | 0.4% | 0.8% |
Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.
| Concern / example paper | Papers | Share | Raised as a problem | Worldwide share |
|---|---|---|---|---|
| Privacy & surveillanceLiquid crystal-polymer composites switchable windows for radiant energy flow and privacy control | 1 | 0.08% | 0 (0.0%) | 0.08% |
| Energy & datacenter footprint | 0 | 0.0% | 0 (%) | 0.01% |
| Water use | 0 | 0.0% | 0 (%) | 0.0% |
| Carbon & emissions of compute | 0 | 0.0% | 0 (%) | 0.0% |
| Hardware, e-waste & supply chain | 0 | 0.0% | 0 (%) | 0.0% |
| Labour & data work | 0 | 0.0% | 0 (%) | 0.0% |
| Safety & misuse | 0 | 0.0% | 0 (%) | 0.0% |
| Bias & fairness | 0 | 0.0% | 0 (%) | 0.02% |
| Concentration of compute power | 0 | 0.0% | 0 (%) | 0.0% |
Institution and researcher rankings use citations to their covered work. Research scope: United States. This may be broader than the company geography.
Published patent filings in the recorded source window.
Company counts, hiring and disclosed funding across the recorded hubs.
20.8% across the displayed hubs
1 companies hiring · $70.1M disclosed funding
Explore companies in New York City ↗17.8% across the displayed hubs
1 companies hiring · $279.7M disclosed funding
Explore companies in Los Angeles ↗
13.9% across the displayed hubs
2 companies hiring · $89.5M disclosed funding
Explore companies in Houston ↗11.9% across the displayed hubs
0 companies hiring · $40.9M disclosed funding
Explore companies in San Francisco ↗
9.9% across the displayed hubs
0 companies hiring · $178.7M disclosed funding
Explore companies in Seattle ↗9.9% across the displayed hubs
1 companies hiring · $391.7M disclosed funding
Explore companies in San Diego ↗
8.9% across the displayed hubs
1 companies hiring · $188.7M disclosed funding
Explore companies in Cambridge ↗
6.9% across the displayed hubs
0 companies hiring · $27.8M disclosed funding
Explore companies in Columbus ↗Clear definitions for making better comparisons.
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
No. A company can belong to several segments, so segment counts and funding can overlap.
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 2 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗