Boston-based Gradiant, a firm that offers sophisticated water and wastewater treatment solutions, has garnered $225 million in the initial close of its Series D funding round.
The funding round was steered by BoltRock Holdings and Centaurus Capital, pushing the total capital raised by Gradiant to date to more than $400 million and boosting its valuation to $1 billion. Craig Huff, the Founder and Managing Member of BoltRock Holdings, and Mark Danchak from General Innovation Capital will be joining Gradiant’s board.
Gradiant plans to utilize this fresh capital to fuel its expansion into strategic markets, facilitate its growth into new geographies like Europe and the Middle East, and expedite its research and development programs.
Gradiant, co-founded by CEO Anurag Bajpayee and COO Prakash Govindan, is dedicated to designing, constructing, and managing comprehensive water treatment solutions for globally significant industries. These sectors include semiconductors, pharmaceuticals, food & beverage, lithium and essential minerals, and renewable energy. The company’s unique technologies and integrated digital solutions minimize water usage, reclaim precious resources, and convert wastewater into freshwater. This is done for some of the world’s largest companies, including Micron, TSMC, GSK, Pfizer, SLB, Rio Tinto, AB InBev, and Coca-Cola.
Born out of MIT, Gradiant now boasts a robust workforce of over 900 employees worldwide. The company’s latest funding round underscores its commitment to sustainability and water conservation, reflecting its pivotal role in addressing the world’s water challenges.