NanoSteel
Designs and commercializes patented nanostructured steel alloys for additive manufacturing (metal powders) and automotive lightweighting (sheet steel), delivering exceptional strength, ductility, and wear resistance.
- CEO / Founder
- David Paratore
- Team Size
- 11-50
- Stage
- Active
- Total Funding
- $50.7M
- Latest Round
- Venture Round
- Key Investors
- GM Ventures; EnerTech; Fairhaven Capital
Technology & Products
Key Products
BLDRmetal™ powders for binder jetting; Tool steel powders for laser powder bed fusion (LPBF); Nano-structured sheet steel for automotive; Engineered powders for shot peening/HIP
Technological Advantage
Patented nanostructured steel alloys enable crack-free 3D printing of high-hardness parts (99.9% density vs. industry ~98%) and automotive sheet steel with 2-3x higher strength-to-weight ratio, protected by 400+ patents worldwide.
Differentiation
Value Proposition
Reduces production costs by enabling crack-free 3D printing of high-hardness steel parts (99.9% density) and cuts automotive weight by 20-30% via ultra-high-strength sheet steel, accelerating adoption of AM for wear-resistant applications.
How They Differentiate
Achieves 99.9% density in crack-free steel powders vs. Modumetal's laminated nanostructures; offers broader alloy portfolio for binder jetting/LPBF than QuesTek's integrated design; 30% higher wear resistance than conventional tool steels per customer benchmarks.
Market & Competition
Target Customers
Industrial manufacturers in automotive, aerospace, oil & gas, and heavy equipment sectors seeking high-performance metal components
Industry Verticals
Automotive; Aerospace; Oil & Gas; Industrial Equipment; Additive Manufacturing
Competitors
Modumetal; QuesTek Innovations; Desktop Metal (via materials division)
Growth & Milestones
Major Milestones
Founded as spin-out from Idaho National Laboratory (2002); Launched first AM powders for binder jetting (2015); Spun out Formetrix for AM powders commercialization (2018); U.S. Steel acquired flat-rolled sheet patents (2021)
Notable Customers
General Motors; Lear Corporation; Trinity Rail Corporation