Meanwhile, American environmentalist and entrepreneur Paul Hawken praised the material as “an extraordinary breakthrough that exalts the genius of the natural world,” adding that he envisions it shaping the future of the construction industry worldwide.
The most recent funding round brings the company’s total raised capital to more than USD 50 million, much of it coming from major public and private sources, including the U.S. Department of Energy, the Department of Defense, Grantham Foundation, Builders Vision, JLL Foundation, and Baruch Future Ventures.