EL
SEGUNDO, Calif., July 16,
2024 /PRNewswire/ -- Cambium, an advanced materials
innovator that leverages bio-engineering, chemistry, materials
science and proprietary computation for defense and other
high-performance applications, has been named one of the Top 100
venture-funded national security-focused and dual-use start-ups by
the Silicon Valley Defense Group (SVDG) in its annual NATSEC100
report.
This annual ranking and report, sponsored by JPMorganChase's
Aerospace & Defense Industry division, is SVDG's annual ranked
list of the emerging US techno-security ecosystem of venture-backed
companies. The ranking is the product of a proprietary,
quantitative formula created by SVDG, in collaboration with
Franklin Templeton and Balyasny
Asset Management, fortified by conversations with technology
leaders across the US Government and allied partner governments,
and categorized against the US Department of Defense's 14 Critical
Technology Areas.
NATSEC100 companies raised more than $52
billion private funding as of June
2024, a 20% increase over the $42
billion raised by last year's NATSEC100 companies. The
report also notes that Advanced Materials ranked #4 on the 2024
NATSEC100 Tech Categories and that El
Segundo, California, where Cambium is headquartered, is now
ranked #4 in the top NATSEC100 cities category.
Cambium co-founder and CEO Simon
Waddington said, "We are extremely honored to make the
NATSEC100 and to be recognized alongside other emerging leaders in
supporting our defense and industrial base. Cambium is committed to
addressing critical advanced material capability and supply chain
gaps to support current and future high-performance hardware needs
across land, air, sea and space applications, innovations that are
widely applicable outside defense, from commercial aerospace to
renewable energy. We are grateful for the support of our venture
backers and our Defense Prime Contractors and DoD partners who have
recognized the value of Cambium's transformational development
platform and products."
About Cambium
We are a radically different advanced materials company. From
molecular discovery to materials manufacturing, we leverage AI and
informatics to develop and produce truly innovative products for
high-performance applications such as monomers, high-temperature
composites and foams, precursors for carbon-carbon, and protection
systems against laser attack. Please visit cambium-usa.com.
Contact: Stephan Herrera,
stephan@cambium-usa.com
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SOURCE Cambium Biomaterials, Inc