Fundraising Fox

Adept Materials

Somerville, US Β· Founded 2018 Β· Delaware corporation Β· 12 employees on LinkedIn Β· 8 known investors

Adept Materials develops advanced materials for building envelopes that improve energy efficiency, durability, and moisture management without sacrificing comfort. The company's technology mimics biological moisture regulation mechanisms to help buildings reduce heating and cooling energy consumption.

Also known as Techstyle Materials Β· Techstyle Materials, Inc.

Founders & leadership

Adept Materials was founded in 2018 by Derek Stein, Ph.D..

DS
Derek Stein, Ph.D.Founder & CEO
DS
Derek SteinFounder / Inventor

Board

MG
Miguel GalvezBoard director
DC
Daniel CromieBoard director

Investors Β· 8

Also in the syndicate Β· 4

D.R. HortonleadMassachusetts Clean Energy Center (MassCEC)Point Cove LLCPulteGrouplead

Reported raises Β· per SEC filings

Form D private placements

$2.8M disclosed across 2 of 4 rounds Β· 2021–2024

β–Ά$2.5MraisedAug 2024 Β· 22 investors Β· Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Miguel GalvezDirector
  • Derek SteinExecutive Officer, Director
  • Daniel CromieDirector
Offering amount
$4M
Amount sold
$2.5M
First sale
Jul 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$261KraisedApr 2021 Β· 4 investors Β· Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Derek SteinExecutive Officer, Director
Offering amount
$600K
Amount sold
$261K
Minimum investment
$1K
First sale
Apr 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Adept Materials is an advanced materials company that develops a patented two-layer material system providing directional vapor control, humidity regulation and temperature management. The system pairs a variable-permeability membrane, which acts as a humidity-triggered "gate," with a silica gel desiccant layer that acts as a "sponge," absorbing, redistributing and re-evaporating water vapor. Because the gate opens at high humidity on one side only, water vapor moves readily in the gate-to-sponge direction and is restricted in the reverse direction; over daily temperature and humidity cycles this produces a net vapor-pumping effect that draws moisture out of damp materials or spaces. The sponge layer also stores water in condensed form roughly ten thousand times denser than atmospheric vapor, damping humidity swings, and stores and releases latent heat in the manner of a phase change material.

The technology is offered as coatings, films and overlays that can be painted, adhered or printed onto substrates ranging from plywood to polyester, with the company stating that adoption does not require changes to conventional manufacturing or installation. Target application areas are buildings (interior wall paints, directional water-resistive barrier films and coatings, sheathing panels with integrated WRB, gypsum panels), performance and durable apparel (positioned as avoiding PFOA-type chemistries), packaging for moisture-prone products, and healthcare protective garments such as medical gowns and hazmat suits, where trapped heat and moisture cause heat exhaustion. In buildings, the company describes an overlay that keeps engineered wood products below the 80% mold growth threshold by combining high outward drying potential with retarded inward vapor diffusion. The company's first commercial product is Lilypad, a moisture-control paint and primer system.

Founding story

The core material technology was invented by physicist Derek Stein, Ph.D., a professor of physics and engineering at Brown University, in his lab in Providence, Rhode Island. Stein co-directed Team Techstyle Haus, Brown's entry with the Rhode Island School of Design and the University of Applied Sciences in Erfurt, Germany, in the 2014 Solar Decathlon Europe; the $500,000 prototype house used weatherproof fiberglass and Teflon fabric walls, met the passive house standard, used 65% less heating and cooling energy than traditional homes and withstood 130 mph winds. Studying moisture control in that highly efficient envelope led to further research on materials that let buildings reach high energy efficiency without sacrificing durability, comfort or affordability. The resulting design draws on biology and physics, mimicking a leaf's regulation of temperature and moisture through microscopic capillaries and a "vapor diode" mechanism. The company was founded in July 2018 as Techstyle Materials, Inc.

Business model

Adept Materials commercializes its material technology as products and as a platform that can be incorporated into existing building, textile, packaging and healthcare materials. Its first offering is Lilypad, a moisture-control paint and primer system sold to homeowners and builders, with a directional water-resistive barrier product under development. Development work includes pilots run with strategic investors to demonstrate product performance.

Sale of finished materials products, beginning with the Lilypad paint and primer system, alongside application of the core technology to third-party materials such as coatings, films, overlays and panels. Non-dilutive support has come from government and corporate awards including an NSF SBIR Phase I award and a DOE E-ROBOT Prize Phase I award.

Traction

Announced first closing of a $4M seed round in August 2024 with homebuilders D.R. Horton and PulteGroup as leads, alongside MassCEC and Point Cove LLC. Awards and program selections include the 2026 Edison Award Silver in Intelligent Painting Systems, a Catalyst Award, CertainTeed/Saint-Gobain inNOVAte 2019 Challenge win, DOE E-ROBOT Prize Phase I, NSF SBIR Phase I, Wells Fargo Innovation Incubator, Third Derivative cohort 24-2 and IBS Start-Up Zone selection. Materials testing has been conducted with the U.S. National Renewable Energy Laboratory, and the Lilypad paint and primer system reached nationwide availability in 2026. Press coverage includes TechCrunch, Fast Company, Forbes, The Boston Globe and Architectural Products.

Latest developments

Lilypad, the company's moisture-control paint and primer system, became available in 2026 and is promoted as available now on the company website; it won a 2026 Edison Award Silver in Intelligent Painting Systems and was covered by Fast Company, Forbes and The Boston Globe in early 2026. Earlier, in March 2025 the company said it was preparing to bring the paint to market, and it was selected for the IBS Start-Up Zone in 2025 and named among climatetech companies to watch by ACT. Development continues on a directional water-resistive barrier product.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Adept positions its directional, actively vapor-pumping material against conventional building moisture-control approaches: multi-layer assemblies and non-directional vapor-permeable water-resistive barriers such as Tyvek and ZIP System, which allow moisture in as readily as out, and vapor-impermeable layers that trap moisture in damp sheathing. The company cites $13 billion in annual U.S. water damage costs (Insurance Information Institute), buildings accounting for 40% of U.S. primary energy use, and $324 million of 2018 moisture-damage liabilities at a large luxury homebuilder as evidence of the problem's scale.

Directionality is the central claim: unlike vapor-permeable but non-directional barriers, the two-layer system provides high outward drying potential while significantly retarding inward vapor diffusion, and over hot-cold cycles pumps net moisture out of a wall assembly, keeping engineered wood below the 80% mold growth threshold. The material simultaneously buffers humidity and stores latent heat, is applied in familiar form factors (paint, film, overlay) that avoid new manufacturing or installation processes, and uses a composition the company describes as free of chemicals such as PFOA.

Technology

A multifunctional heterostructure built from two natural ingredients combined in a patent-protected process: a silica gel desiccant that adsorbs water vapor in proportion to relative humidity, and a variable-permeability vapor retarder whose permeance is high at high relative humidity and low at low relative humidity. The thin retarder acts as a humidity-actuated gate and the thicker desiccant as a sponge, yielding directional vapor transport, humidity buffering and latent-heat storage. The company describes the composition as 100% eco-friendly, relying on abundant natural or biodegradable raw materials, and states the technology is patented. Properties have been tested in collaboration with the U.S. National Renewable Energy Laboratory.

Go-to-market

The company works with large homebuilders and building-materials companies as strategic partners and investors, running joint pilots to validate performance, and has used accelerators and corporate innovation programs (Greentown Labs, Wells Fargo Innovation Incubator, AkzoNobel Paint the Future, Georgia-Pacific/1915 Studios, Third Derivative, IBS Start-Up Zone) for exposure to industry channels. Its first product, Lilypad, is positioned for nationwide availability to homeowners and builders, supported by trade and consumer press coverage.

Residential and commercial homebuilders and building-product manufacturers (paints, water-resistive barriers, sheathing and gypsum panels), plus homeowners for the Lilypad paint system; additional targeted segments include performance apparel makers, packaging producers, and healthcare and industrial protective-garment users such as surgeons, first responders and jobsite workers.

Geography

Headquartered at Greentown Labs in Somerville, Massachusetts, with technology origins at Brown University in Providence, Rhode Island. Lilypad is marketed to homeowners and builders nationwide in the United States, and partnerships are with North American homebuilders.

History

Founded in July 2018 as Techstyle Materials, Inc. following the 2014 Techstyle Haus project, the company was a Cleantech Open Northeast regional finalist in November 2018, joined Greentown Labs in June 2019 and won the CertainTeed/Saint-Gobain inNOVAte 2019 Challenge that same month. It participated in the Wells Fargo Innovation Incubator in 2020, closed a seed round and won a U.S. Department of Energy E-ROBOT Prize Phase I award in 2021, joined AkzoNobel's Paint the Future global startup challenge in March 2022 and the Georgia-Pacific/1915 Studios accelerator in 2022, received an NSF SBIR Phase I award in 2023, joined Third Derivative cohort 24-2 in 2024, and was selected for the IBS Start-Up Zone in 2025. In August 2024 it announced the first tranche of a $4M seed round led by homebuilders D.R. Horton and PulteGroup. Founder Derek Stein left his academic position to lead the company full time. In 2026 the Lilypad paint and primer system became available to homeowners and builders nationwide.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual U.S. water damage costs to homes and businesses (Insurance Information InJan 2024$13B
Mold growth threshold kept below by directional overlay on engineered woodJan 202480%
Seed round target size (first tranche announced)Aug 2024$4M
Share of U.S. primary energy use attributable to buildingsJan 202440%
Techstyle Haus heating and cooling energy reduction vs. traditional homesJan 201465%
Techstyle Haus prototype costJan 2014$500K

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 17

launches, deals, and filings
Jan 2026
2026 Edison Award Silver Winner, Intelligent Painting Systems

source β†—

Jan 2026
Lilypad moisture-control paint and primer system becomes available nationwide

Lilypad, described as the first moisture control paint and primer system, became available to homeowners and builders nationwide.

source β†—

Jan 2025
Selected for IBS Start-Up Zone

source β†—

Aug 2024
First closing of $4M seed round led by D.R. Horton and PulteGroup

Adept Materials announced the first tranche of a $4M equity seed round to commercialize its directional moisture control technology, funding the launch of an interior wall paint and primer system and development of a directional water-resistive barrier. Investors: D.R. Horton and PulteGroup (leads), MassCEC and Point Cove LLC.

$4M source β†—

Aug 2024
Founder Derek Stein leaves Brown University faculty position to lead company

Press release states Stein, a Brown University physics professor, recently left his academic position to lead Adept Materials as CEO.

source β†—

Aug 2024
Pilot collaborations with strategic homebuilder investors

Adept stated it would run pilots with strategic investors D.R. Horton and PulteGroup to demonstrate technical performance of its products for residential construction.

source β†—

Jan 2024
Joined Third Derivative Cohort 24-2

source β†—

Jan 2023
NSF SBIR Phase I award recipient

source β†—

Mar 2022
AkzoNobel Paint the Future Global Startup Challenge participant

source β†—

Jan 2022
Georgia-Pacific / 1915 Studios accelerator participant

source β†—

Jan 2021
Winner, U.S. Department of Energy E-ROBOT Prize Phase I

Company closed a seed round and won the DOE E-ROBOT Prize Phase I in 2021.

source β†—

Jan 2020
Wells Fargo Innovation Incubator participant

source β†—

Jun 2019
Winner, CertainTeed / Saint-Gobain inNOVAte 2019 Challenge

source β†—

Jun 2019
Joined Greentown Labs incubator

source β†—

Nov 2018
Cleantech Open Northeast regional finalist

source β†—

Jul 2018
Company founded as Techstyle Materials, Inc.

source β†—

Jan 2014
Techstyle Haus completed for Solar Decathlon Europe

Brown University, RISD and a German university built Techstyle Haus, a $500,000 passive-house-standard prototype that used 65% less heating and cooling energy than traditional homes; the founder co-directed the team.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
Adept MaterialsDelaware

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Adept Materials do?
Adept Materials makes a patented two-layer moisture-control material for paints, films and overlays in buildings and beyond.
Who founded Adept Materials?
Adept Materials was founded by Derek Stein, Ph.D. in 2018.
Who are Adept Materials's investors?
Adept Materials's investors include Anorak Ventures, Bantam Group, Creative Destruction Lab (CDL), Slater Technology Fund.
How much funding has Adept Materials raised?
Adept Materials has disclosed $2.8M raised across 2 of its 4 known rounds.
Where is Adept Materials headquartered?
Adept Materials is headquartered in Somerville, US.