Pittsburgh-based LumiShield Technologies, a spinoff company from Carnegie Mellon and the National Energy Technology Laboratory, has raised $500,000 of venture funding in the form of SAFE notes from undisclosed investors.
The company has created Lumidize, an aluminum-based replacement for phosphates and primers for metal surfaces that will ultimately be painted or powder coated. LumiShield was established in 2014, in order to develop and commercialize its new option for corrosion protection of painted metallic surfaces.
CEO Dave Luebke joined LumiShield when it started, following 12 years as a researcher and research group leader in the development of advanced CO2 capture processes at the National Energy Technology Laboratory. His understanding of government funding programs has allowed LumiShield to access more than $2 million in non-dilutive capital to date.
