May 11, 2022
Soliyarn, Inc. has reached a deal with Huvis Global, a South Korean fiber manufacturing giant, and the Commonwealth of Massachusetts, M2I2 Manufacturing Grant program, to close a round of funding for $7.7M which will lay the groundwork for a research & development and production facility to manufacture these textiles at scale. Huvis develops staple and filament yarn for mass textile manufacturing, as well as fibers for specialized applications such as fire-resistant aramid and Olefin Fiber for Sanitary Materials.