Boston Materials

Boston Materials

Manufactures liquid-metal thermal interface materials

Overview

Boston Materials develops and manufactures advanced energy-transfer composites for high-performance electronics, aerospace, and electrified mobility. Its Liquid Metal ZRT® uses vertically oriented carbon fibers embedded in a liquid metal matrix to create a drop-in thermal interface that conducts heat efficiently between components, and is designed for seamless integration into automated assembly. The company differentiates itself by combining Z-axis carbon fiber reinforcement with a liquid metal matrix and scaling via roll-to-roll production using reclaimed carbon fiber, enabling multiple applications from a single platform. Its goal is to scale production to meet industrial demand across semiconductor, aerospace, and electrified-vehicle markets while expanding sustainability through recycled carbon fiber use.

About Boston Materials

Simplify's Rating
Why Boston Materials is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Energy

Aerospace

Company Size

11-50

Company Stage

Early VC

Total Funding

$42.8M

Headquarters

Billerica, Massachusetts

Founded

2016

People at Boston Materials

People at Boston Materials who can refer or advise you

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Simplify's Take

What believers are saying

  • First-gen LMZ1100 delivers over 10°C cooling improvement on kilowatt-scale ASICs and GPUs, leading the industry.
  • $13.5M funding from AccelR8 and Diamond Edge Ventures expands manufacturing and secures supply chain partnerships.
  • 60-inch industrial-scale production enables high-volume output for semiconductor and aerospace markets.

What critics are saying

  • Carbice's liquid metal TIMs undercut LMZ1100 with 12°C cooling at 20% lower cost in 6–12 months.
  • $2M debt financing triggers covenant breach and liquidity crisis if LMZ1100 revenue drops 15% within 3–6 months.
  • Mitsubishi Chemical may bypass Boston post second-gen ZRT co-development using its internal supply chain in 12–18 months.

What makes Boston Materials unique

  • Patented Z-axis Fiber™ technology enables vertical carbon fiber alignment for superior thermal conductivity.
  • Liquid Metal ZRT® is a solid film melting after installation, compatible with pick-and-place automation.
  • Products use reclaimed carbon fiber, reducing cost and carbon footprint while maintaining high-performance energy transfer.

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Funding

Total Funding

$42.8M

Meets

Industry Average

Funded Over

10 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Vision Insurance

Dental Insurance

401(k) plan

4 weeks of supplemental Paid Parental and Family Leave

Unlimited Paid Time Off

Holidays: 14 days/year

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

-2%

2 year growth

0%
TipRanks
Dec 11th, 2025
Mitsubishi Chemical invests in Boston Materials for AI data centre thermal solutions

Mitsubishi Chemical Group and Boston Materials have announced a strategic collaboration to advance thermal management solutions for high-performance computing and AI data centres. The partnership includes an investment in Boston Materials from Mitsubishi's US-based corporate venture capital arm, Diamond Edge Ventures. The companies will develop the second-generation Liquid Metal ZRT product, a thermal interface material using Boston Materials' patented Z-axis Carbon Fibre technology and proprietary liquid metal alloys. Boston Materials will leverage Mitsubishi Chemical Group's supply chain for high-performance electronic materials. The collaboration aims to address thermal management challenges in semiconductor packaging for data centre applications.

FinSMEs
Nov 7th, 2024
Boston Materials Raises $13.5M Funding

Boston Materials, based in Billerica, MA, raised $13.5M in funding led by AccelR8 and Diamond Edge Ventures, with participation from Valo Ventures, Gatemore Venture Partners, Collab Fund, and Woori Venture Partners. The company plans to use the funds to expand into the semiconductor market, leveraging its Z-axis Fiber™ technology.

FinSMEs
Nov 7th, 2024
Boston Materials Raises $13.5M in Funding

Boston Materials, a Billerica, MA-based manufacturer of advanced materials for semiconductors and aircraft platforms, raised $13.5M in funding

Securities and Exchange Commission
Oct 8th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

JEC Group
Aug 28th, 2024
Boston Materials announces 60-inch-wide industrial scale production of its patented Z-axis carbon fiber materials

Boston Materials also announced the limited-release of its new ZRT thermoplastic composite films leveraging high-performance polymers such as PEEK, PEI, PPS, polycarbonate, and more.

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