# Platypus Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/platypus-technologies

- Industry: Healthcare IT
- Headquarters: Madison, US
- Website: www.platypustech.com
- Total disclosed funding: $13M
- Latest round: Series B (Apr 17, 2002)
- Investors on record: 5

## About

Platypus Technologies, LLC specializes in advanced material coatings and microfabrication solutions, delivering precision metal and optical coatings for a variety of critical applications.Founded in 2000 and headquartered in Madison, US, Platypus Technologies, LLC focuses on providing advanced material solutions. The company has secured a total funding of USD 1.20 mn through a SERIES C funding round, which is also the total amount raised thus far. The firm has completed 4 deals to date.Platypus Technologies specializes in advanced material coatings and microfabrication solutions, focusing primarily on metal and optical coatings. Their core offerings include the deposition of metal films such as gold, platinum, silver, aluminum, and copper, which are utilized in various applications, including biosensors, chemical sensors, and optical filters. Notably, the company provides custom-designed thin film platinum interdigitated electrodes (IDEs) tailored to meet the precision needs of electronic components and sensor applications. The titanium dioxide (TiO2) coatings offered are recognized for their versatility across multiple industries, including construction, healthcare, and consumer products. Platypus Technologies serves a diverse global client base, including research institutions, universities, and companies in the healthcare and electronics sectors, with a focus on markets in North America, Europe, and Asia.The revenue model of Platypus Technologies is structured around direct sales of its specialized products and services, including its flagship offerings such as platinum interdigitated electrodes and metal coatings. Transactions typically involve B2B engagement, where clients place orders for custom materials based on specific project requirements. These transactions may operate on a project basis or through ongoing partnerships with research institutions and industrial clients. Pricing structures are determined by the complexity and customization of the products, allowing for tailored solutions that meet the unique needs of each client. The company's commitment to precision and quality positions it competitively within the sectors it serves, ensuring a steady demand for its innovative solutions.Platypus Technologies plans to enhance its product line with the launch of new advanced coatings, expected in the next 12 months. The company aims to expand its market presence in Europe and Asia by 2025. The recent funding from the SERIES C round will be directed towards research and development, supporting these initiatives and facilitating entry into new geographic territories.

## Funding rounds

- Series B, Apr 17, 2002, $13M — Carlyle Group, Technology Venture Partners (Australia), ECentury Capital Partners, Mitsubishi Corporation, JIF Capital

## Investors

- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series B
- Technology Venture Partners (Australia) (https://capitalatlas.ai/funds/technology-venture-partners-australia) — Series B
- ECentury Capital Partners (https://capitalatlas.ai/funds/ecentury-capital-partners) — Series B
- Mitsubishi Corporation — Series B
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series B