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§ Private Profile · Houston, TX, USA
Manufacturer of Galvorn carbon nanotube fibers, offering high-performance conductors for aerospace, defense, and automotive.
Based in Houston, Texas, DexMat manufactures Galvorn, a lightweight and flexible carbon nanotube fiber designed to replace traditional metal wires with enhanced conductivity and strength. The company commercializes scalable liquid-phase spinning processes to produce high-performance conductors for the aerospace, defense, and automotive sectors. DexMat has secured $10 million in total equity funding, including a recent $5 million seed round in early 2026, alongside more than $20 million in non-dilutive grants from the Department of Energy and various federal agencies. The firm is backed by notable investors including Shell Ventures, non sibi ventures, and Azeem Azhar, while maintaining deep research ties to Rice University. After achieving a 2.5x growth rate in 2025, the enterprise continues transitioning major industrial customers into formal commercial development agreements. DexMat was founded in 2019 by Dmitri Tsentalovich and Matteo Pasquali.
DexMat has raised $13.7M across 3 funding rounds.
Galvorn offers a multi-property advantage, including superior conductivity, strength, light weight, and flexibility, enabling it to outperform greenhouse gas-intensive alternatives.
DexMat primarily supplies Galvorn for applications in wires and cables across the aerospace, defense, and automotive industries.
The advanced carbon material Galvorn was invented at Rice University before being commercialized by DexMat.
Galvorn offers a multi-property advantage, including superior conductivity, strength, light weight, and flexibility, enabling it to outperform greenhouse gas-intensive alternatives.
DexMat primarily supplies Galvorn for applications in wires and cables across the aerospace, defense, and automotive industries.
The advanced carbon material Galvorn was invented at Rice University before being commercialized by DexMat.
DexMat is a U.S.-based company focused on the production of Galvorn, an advanced carbon material. This material, invented at Rice University, is characterized as a lightweight, flexible, and high-performance conductive carbon nanomaterial, specifically a carbon nanotube (CNT) fiber. Galvorn is designed to deliver a multi-property advantage, combining superior conductivity, strength, light weight, and flexibility, which allows it to surpass the performance of traditional, more greenhouse gas-intensive alternatives.
The company's primary product, Galvorn, is engineered to address the demanding requirements of various industrial applications. Its unique composition as a carbon nanotube fiber provides unmatched performance, particularly in the creation of advanced wires and cables. This makes Galvorn a suitable material for sectors where high performance and reduced environmental impact are critical considerations, offering a sustainable alternative to conventional materials.
DexMat is headquartered in Houston, Texas, where it conducts the production and shipment of Galvorn to its customer base. The company serves a range of industries, including aerospace and defense, wire and cable manufacturing, and the automotive sector. In aerospace and defense, Galvorn's lightweight and strong properties can contribute to fuel efficiency and durability. For wire and cable, its conductivity and flexibility are key advantages. Within the automotive industry, its properties are being evaluated for next-generation components.
Recent developments indicate Galvorn's entry into the electric vehicle (EV) material evaluation phase, highlighting its potential for broader adoption within the automotive industry. The material's inherent properties, such as its conductivity and lightweight nature, are particularly advantageous for EV components, where weight reduction and efficient power transfer are crucial. DexMat aims to provide solutions that improve performance while also offering a more sustainable alternative to existing materials, aligning with industry trends towards electrification and environmental responsibility.
DexMat has raised $13.7M across 3 funding rounds. Most recently, it raised $9.2M Seed in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 28, 2026 | $9.2M Seed | Non Sibi Ventures | BetterWay, Capital Factory, Governance Partners, Tailwind, Betterway Ventures, Tailwind Futures | Announced |
| Feb 6, 2024 | $1.5M Grant | U.S. Department OF Energy | — | Announced |
| Mar 9, 2023 | $3M Seed | Aimee Lafleur | Nico Johnson 🎙️, Shomik Dutta | Announced |