Steelike, Inc. Successfully Achieves a $2 Million Dollar Funding Round as it Works to Meet Rapid Demand
Investment comes as the company’s Ultra-High Performance Concrete (Steelike® UHPC) is successfully used to connect precast deck panels for an accelerated bridge deck replacement project.
Springfield, VA, July 31, 2020 – – Steelike, Inc., creator, producer and supplier of Steelike® UHPC, announced today that it raised $2,000,000 in a seed investment. As part of the transaction, its predecessor Kulish Design Co., LLC changed its name to Steelike, Inc.
The round was led by an investor group centralized in Chicago with participation from certain members of New York Angels and the funding will be used to scale growth to meet increasing demand.
“The industry has been seeking a UHPC for infrastructure applications that is both easier to work with and competitively priced,” says William T. Kulish, Co-Founder and President of Steelike, Inc. and inventor of Steelike® UHPC. “After years of development, testing, and production, Steelike delivers on those needs and more, with a product that meets or exceeds performance specifications required by federal and state agencies for highway infrastructure projects. With this funding, we’re looking forward to bringing the advantages of Steelike® UHPC to our growing number of customers across the U.S.”
The demand for Steelike® UHPC, which has been commercially produced and supplied for construction projects since 2014, has been accelerating. Most recently, Steelike® UHPC was successfully used to connect precast deck panels for the accelerated bridge deck replacement of the I-64/77 bridges over WV-94 in Marmet, West Virginia. Contractors are increasingly selecting Steelike® UHPC due to its superior performance, ease of use and competitive pricing.
“This investment round enables Steelike to accelerate its business and serve more and more customers. Demand for Steelike® UHPC in construction projects, especially for highway infrastructure, has been growing and now we’ll be able to effectively scale to meet that demand,” says Chen Wang, Co-Founder and Chief Executive Officer of Steelike. “We’re delighted to work with our investment partners to meet this tremendous opportunity in the market.”
The funding will expedite Steelike’s research and development of innovative UHPC products and methods and empower the company to continue to build relationships with contractors, precasters, engineers, and the academic community. A couple of the company’s groundbreaking innovations include: 1) eliminating the need for expensive and hard to find specialized mixers by enabling the use of ready-mix trucks to mix Steelike® UHPC and 2) eliminating the need to overfill and grind UHPC connections. The funding will also accelerate the development of a cutting-edge technology for mixing and placing Steelike® UHPC, with the goal of making on-site placement even faster and easier.
UHPC, a composite material that is the closest thing to steel in the concrete world, is being increasingly specified and adopted in the U.S. where the UHPC industry is poised for substantial growth as applications proliferate. Steelike® UHPC is positioned to capitalize on this growth due to its ability to be mixed on site in standard and widely available ready-mix trucks, its ease of application and finishing, its superior material performance and its competitive pricing.
About Steelike, Inc.
Steelike, Inc. develops, produces and supplies Steelike® Ultra-High Performance Concrete (UHPC) for construction projects including highway infrastructure. Founded in 2010 as Kulish Design Co., LLC, Steelike, Inc. has been producing and supplying Steelike® UHPC for construction projects commercially since 2014. Steelike® UHPC meets or exceeds performance specifications required by federal and state agencies for UHPC in highway infrastructure projects, and is all white, mixable in a ready-mix truck, and saves the user time, labor, and money.