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Aspen Aerogels

NYSE: ASPN

Northborough, US · Founded 2008 · Delaware corporation · 460 employees on LinkedIn · 2 known investors

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Aspen Aerogels engineers, manufactures, and commercializes aerogel-based materials for energy conservation and asset protection, including thermal runaway barriers, energy infrastructure insulation, and battery materials. It serves industrial and energy sectors, offering technical services such as unit inspections, installation guides, and contractor training.

CleantechEnergyNew Materials

Founders & leadership

DRDonald R. Young
Donald R. YoungPresident and CEODonald R. Young is CEO and Director of Aspen Aerogels, which develops aerogel-based materials for thermal management and energy conservation across industrial and energy sectors.
GLGeorge L. Gould
George L. GouldChief Technology Officer2018–2025
GRGregg R. Landes
Gregg R. LandesChief Operating Officer
JFJohn F. Fairbanks
John F. FairbanksChief Financial Officer2006–2022
HR
Harry R. WalkoffExecutive
KAKevin A. Schmidt
Kevin A. SchmidtVice President Of Global Operations2004–2015Kevin A. Schmidt is an Executive Officer at Aspen Aerogels. He has extensive experience in materials science and manufacturing across sectors including medical PPE, nanotechnology, high-performance insulation, and building materials, with background in operational excellence, process improvement, and scaling manufacturing operations.
CM
Christopher MarletteExecutive
GDGrant D. Thoele
Grant D. ThoeleChief Financial Officer & Treasurer
CCCorby C. Whitaker
Corby C. WhitakerChief Commercial Officer (CCO)Corby C. Whitaker is Chief Commercial Officer at Aspen Aerogels. He has held sales and marketing leadership roles across private and public companies, including during capital raises and an IPO, and has built global commercial teams across multiple regions while scaling revenue from $40M to $1B. His sector experience spans energy, automotive, renewables, and industrial equipment.
GEGlenn E. Deegan
Glenn E. DeeganChief Administrative Officer, General Counsel and Corporate SecretaryGlenn E. Deegan is Chief Administrative Officer, General Counsel & Secretary at Aspen Aerogels. He has held senior legal and human resources roles at public companies, with experience in mergers and acquisitions, corporate governance, global compliance, SEC reporting, talent management, and workforce planning.
RM
Robert M. GervisNamed on SEC filing
RF
Richard F. ReillyNamed on SEC filing

Investors · 2

Tenaya Capitallisted by Tenaya CapitalPalo Alto · $5M – $10M

How we know: Tenaya Capital's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$240.8M disclosed across 4 of 7 rounds · 1900–2022

▶$50MraisedApr 2022 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert M. GervisDirector
  • Gregg R. LandesExecutive Officer
  • Corby WhitakerExecutive Officer
  • Donald R. YoungExecutive Officer, Director
  • William P. NoglowsDirector
  • Steven R. MitchellDirector
  • Mark L. NoetzelDirector
  • Richard F. ReillyDirector
  • Rebecca B. BlalockDirector
  • Keith SchillingExecutive Officer
  • Kelley W. ConteExecutive Officer
  • Ricardo C. RodriguezExecutive Officer
Offering amount
$50M
Amount sold
$50M
First sale
Mar 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$100MraisedMar 2022 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Steven R. MitchellDirector
  • Robert M. GervisDirector
  • Kelley W. ConteExecutive Officer
  • Keith SchillingExecutive Officer
  • Donald R. YoungExecutive Officer, Director
  • Gregg R. LandesExecutive Officer
  • William P. NoglowsDirector
  • Mark L. NoetzelDirector
  • Rebecca B. BlalockDirector
  • John F. FairbanksExecutive Officer
  • Richard F. ReillyDirector
  • Corby WhitakerExecutive Officer
Offering amount
$100M
Amount sold
$100M
First sale
Feb 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$75MraisedJul 2021 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Donald R. YoungExecutive Officer, Director
  • Steven R. MitchellDirector
  • George L. GouldExecutive Officer
  • Robert M. GervisDirector
  • Gregg R. LandesExecutive Officer
  • Richard F. ReillyDirector
  • John F. FairbanksExecutive Officer
  • Mark L. NoetzelDirector
  • Rebecca B. BlalockDirector
  • William P. NoglowsDirector
  • Corby WhitakerExecutive Officer
  • Kelley W. ConteExecutive Officer
Offering amount
$75M
Amount sold
$75M
First sale
Jun 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$15.8MraisedMar 2012 · 46 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • John F. FairbanksExecutive Officer
  • Steven R. MitchellDirector
  • Ramsay BattinDirector
  • Robert M. GervisDirector
  • Harry R. WalkoffExecutive Officer
  • Kevin A. SchmidtExecutive Officer
  • George L. GouldExecutive Officer
  • Craig A. HuffDirector
  • William P. NoglowsDirector
  • Christopher MarletteExecutive Officer
  • Richard F. ReillyDirector
  • Donald R. YoungExecutive Officer, Director
  • David J. PrendDirector
  • Mark L. NoetzelDirector
Offering amount
$25M
Amount sold
$15.8M
First sale
Dec 2011
Incorporated
Corporation, Delaware, 2008
Federal exemptions
06
Full filing on SEC EDGAR ↗

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

Non-dilutive funding · 50+ SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
NASAPhase II2013$700K
Department of EnergyPhase I2013$150K
Department of EnergyPhase I2013$150K
NASAPhase I2013$124.8K
U.S. Air ForceAir ForcePhase II2012$746.5K
U.S. ArmyArmyPhase II2012$728.9K
NASAPhase I2012$124.9K
NASAPhase I2012$124.2K
U.S. NavyNavyPhase I2012$80K
Department of EnergyPhase II2011$1000K
Department of EnergyPhase II2011$999.9K
NASAPhase II2011$600K
NASAPhase I2011$100K
Missile Defense AgencyPhase I2011$100K
NASAPhase I2011$100K
U.S. Air ForceAir ForcePhase I2011$100K
U.S. NavyNavyPhase I2011$80K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2010$749.9K
NASAPhase II2010$600K
U.S. NavyNavyPhase II2010$442.9K
National Science FoundationPhase I2010$150K
U.S. ArmyArmyPhase I2010$120K
NASAPhase I2010$100K
Department of EnergyPhase I2010$100K
Department of EnergyPhase I2010$100K
NASAPhase II2009$600K
National Science FoundationPhase I2009$100K
Department of EnergyPhase I2009$100K
Department of EnergyPhase I2009$100K
NASAPhase I2009$100K
NASAPhase I2009$100K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2009$99K
Department of EducationPhase I2009$74.7K
U.S. NavyNavyPhase II2008$748.3K
NASAPhase I2008$100K
NASAPhase I2008$100K
National Science FoundationPhase I2008$100K
U.S. NavyNavyPhase I2008$100K
NASAPhase II2007$600K
NASAPhase II2007$599.9K
NASAPhase I2007$100K
NASAPhase ISTTR2007$100K
Department of EnergyPhase I2007$100K
National Science FoundationPhase I2007$99.9K
Centers for Disease Control and Prevention (CDC)Centers for Disease Control and PreventionPhase I2007$99.6K
U.S. NavyNavyPhase I2007$70K
NASAPhase II2006$600K
U.S. NavyNavyPhase I2006$100K
NASAPhase I2006$69.9K
NASAPhase I2006$69.8K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Aspen Aerogels do?
Aspen Aerogels engineers, manufactures, and commercializes aerogel-based materials for energy conservation and asset protection, including thermal runaway barriers, energy infrastructure insulation, and battery materials. It serves industrial and energy sectors, offering technical services such as unit inspections, installation guides, and contractor training.
Who are Aspen Aerogels's investors?
Aspen Aerogels's investors include ATEL Ventures, Tenaya Capital.
How much funding has Aspen Aerogels raised?
Aspen Aerogels has disclosed $240.8M raised across 4 of its 7 known rounds.
Where is Aspen Aerogels headquartered?
Aspen Aerogels is headquartered in Northborough, US.