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[Funding alert] OR-based Oros Labs Secures $22Million in Series B Round Funding

OROS Labs, an innovative thermal solutions firm, secures $22million in series B round funding to support its operations in the commercial, government, and consumer sectors.

OROS Labs, an innovative thermal solutions firm, secures $22million in series B round funding to support its operations in the commercial, government, and consumer sectors.

Leading the fundraising round was Airbus Ventures, with participation from Platinum Mile Ventures, Culper Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK, Goldwin Play Earth Fund, and REI Co-op Path Ahead Ventures, among others.

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Michael Markesbery, co-founder, and CEO at OROS Labs said, “The support from our investors in this Series B funding round strongly reflects our ambition to reinvent a field that has seen limited innovation, This investment opens doors for us to pursue strategic partnerships, bolster our manufacturing capabilities, scale our product offerings, and advance our research and development efforts to continue introducing groundbreaking materials to the market.”

Rithvik Venna, co-founder and COO at OROS Labs said, “The confidence of our new investors, dedicated to strengthening our networks within the aerospace, defense and heavy industry verticals broadly, will help equip us with the expertise necessary to revolutionize the once stagnant thermal insulation category, Bringing along our partners for this next phase of our strategic growth will be critical in advancing our team, products and results.”

Nicole Conner, Airbus Ventures Partner said, “From our earliest exchanges with Michael and Rithvik, we were instantly attracted by Oros Labs’ potential to serve a wide array of dual-use applications. With the flexible design of its thermal product suite, Solarcore represents the most versatile aerogel materials ever made , We are proud to lead OROS Labs’ Series B round, and to bring the OROS Labs team into the Airbus Ventures portfolio.”

Furthermore, OROS Labs has assembled an amazing group of advisors and leadership, including Mike Brown, a former CEO of the Defence Innovative Unit; Happ Klopp, the founder of The North Face; Hank Crumpton, the CEO of Crumpton Global LLC and a former head of the CIA’s National Resource Division; Jeff Jordan, a general partner at Andressen Horowitz; and Jim Ryan, the former CEO and Chairman of WW Grainger.

With extensive backgrounds in materials science, innovation, business development, and marketing from top industry players including Teledyne Flir, The North Face, Icebreaker, Columbia Sportswear, Adidas, and more, Solarcore has assembled an outstanding leadership team.

About OROS Labs®:

Using materials science, OROS Labs is creating the world’s most sophisticated thermal insulation. They used unique techniques to incorporate NASA’s well-known Aerogel technology into products that offer the highest levels of thermal efficiency.

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