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Evident Technologies

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Nanoscale Materials - Evident Thermoelectrics

City of Troy, United StatesFounded 2000Hard Tech
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Evident Technologies

Founded in 2000, Evident Technologies is a materials science company that specializes in the development and manufacturing of quantum dot nanomaterials and thermoelectric solutions. Initially focusing on semiconductor nanocrystals, known as EviDots, the company established itself as a commercial source for these advanced materials. In its early years, under the leadership of then-CEO Dr. Clinton Ballinger, the company opened a nanotechnology manufacturing facility capable of producing kilogram quantities of quantum dots per week and licensed production methods for lead selenide (PbSe) quantum dots from IBM. This positioned the firm to supply materials for next-generation applications in life sciences, solid-state lighting, telecommunications, and security.

Over time, the company's focus sharpened towards energy applications, leading to a specialization in thermoelectric technology for power generation. Operating as Evident Thermoelectrics, the business concentrates on creating solutions that convert waste heat and small temperature differences into usable electrical power. This technology is targeted at a diverse client base across the automotive, industrial, wearable technology, and remote sensor markets. The business model centers on the production and sale of these engineered nanomaterials and thermoelectric modules to companies looking to integrate them into their own products and applications, moving innovations from the research lab into practical devices.

The company's core offering involves the engineering of materials at the nanoscale to exhibit specific, desirable properties not found in bulk materials. For instance, its non-heavy metal EviTag™ products, based on Indium Gallium Phosphide (InGaP), were developed for life science applications like clinical diagnostics and cell microscopy, offering a less toxic alternative to traditional quantum dots. In the thermoelectric space, the firm provides solutions for waste heat recovery across a wide range of temperatures, enabling energy harvesting in various industrial and consumer contexts.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
City of Troy, United States
Sector
Hard Tech

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

Series B and later2 investors entered at this stage

  • LC Capital
  • MapInfo
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · City of Troy HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Evident Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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