# MetOx International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metox-international

- Industry: Power & Utilities
- Headquarters: Houston, US
- Website: www.metoxtech.com
- Total disclosed funding: $63M
- Latest round: Series B (Nov 19, 2024)
- Investors on record: 6

## About

MetOx International, Inc., based in the US, specializes in high-temperature superconductors, particularly the Xeus™ wire technology, enhancing electrical efficiency for energy and technology sectors.Founded in 1998 and headquartered in Houston, US, MetOx International focuses on developing high-temperature superconductors. The company has executed 7 deals and recently raised USD 15.00 mn in a Series B funding round on December 11, 2024, with investments from Crosscut Ventures, Duquesne Family Office, New System Ventures, and Piedmont Capital Partners. Lou Castellani is the founder, with Bud Vos and W Jewitt currently leading as executives.MetOx International develops and commercializes high-temperature superconductors (HTS), primarily through its proprietary Xeus™ wire technology. This product enables highly efficient electrical current transmission, overcoming energy loss issues of conventional copper. The Xeus™ wire is utilized in various applications, including power generation, fusion energy, and high-field magnets, serving clients in North America, Europe, and Asia, including energy utilities and technology firms involved in fusion research.The company generates revenue from direct sales of its Xeus™ wire and associated HTS technologies, targeting industrial clients and governmental organizations in energy and technology sectors. It primarily engages in B2B transactions, often through long-term contracts for specific projects, including fusion reactors and urban power grids. Collaborations with research institutions and energy companies further expand their market presence, enabling bulk orders and development initiatives, driven by the rising demand for efficient energy transmission.MetOx International plans to utilize recent funding from the December 2024 venture round to enhance its production line in Texas and deploy its Xeus™ HTS wire technology. This initiative aims to fulfill the growing demand for efficient power delivery and improve critical energy infrastructure. The company is also exploring opportunities to expand into new markets, focusing on regions where energy efficiency is a priority.

## Funding rounds

- Series B, Nov 19, 2024, $15M — Duquesne Family Office, Crosscut Ventures, Piedmont Capital Partners, New System Ventures
- Series B, Sep 23, 2024, $25M — New System Ventures, Centaurus Capital
- Series A, Dec 15, 2021, $23M — Safar Partners

## Investors

- Safar Partners (https://capitalatlas.ai/funds/safar-partners) — Series A
- New System Ventures (https://capitalatlas.ai/funds/new-system-ventures) — Series B
- Centaurus Capital — Series B
- Duquesne Family Office — Series B
- Crosscut Ventures — Series B
- Piedmont Capital Partners — Series B