Fundraising Fox

Thiozen

Belmont, US · Founded 2020 · Delaware corporation · 1 known investors

Find your way into Thiozen

414 people in our graph share verified history with the Thiozen team — schools, employers, funds. One of them is your warm intro.

Noubar Afeyanunlockedknows Ryan Gillis · together at Massachusetts Institute of Technology (overlapped)
×9knows the team · via Massachusetts Institute of Technology
knows the team · via Los Alamos National Laboratory
knows the team · via Lawrence Livermore National Laboratory

Thiozen, an MIT spinout, produces hydrogen from sour gas waste streams using a low-emission method aimed at the energy industry. The company serves energy sector partners seeking affordable clean hydrogen for decarbonization and energy security.

CleantechClimate TechEnergy

Founders & leadership

Thiozen was founded in 2020 by Ryan Gillis and Ajay Bawa.

RGRyan Gillis
Ryan GillisinCEO, Co-FounderRyan Gillis is an executive officer at Thiozen, an MIT spinout developing hydrogen production from sour gas waste streams. His background spans experimental design, computational chemistry, software development, and machine learning, with commercial experience in technology development, IP strategy, and business development.
ABAjay Bawa
Ajay BawainCOO, Co-Founder
MP
Massimiliano PieriNamed on SEC filing
WH
William H. Green, Jr.Named on SEC filing

Investors · 1

Good Growth CapitalCharleston

Funding

SEC filings, press & company announcements

$6.2M disclosed across 2 rounds · 2021–2024

▶$3MraisedJun 2021 · 13 investors · Energy Conservation
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan GillisExecutive Officer, Director
  • Ajay BawaExecutive Officer
  • Massimiliano PieriDirector
  • William H. Green, Jr.Director
Offering amount
$3M
Amount sold
$3M
First sale
May 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Competitors · 2

by search overlap
Heliogen Solar for Industrial Heat3 shared keywordsHeliogen delivers concentrated solar power, photovoltaic, and thermal energy storage systems for industrial and utility customers seeking to decarbonize operations. The company combines AI-driven solar technologies with engineering services to provide scalable, cost-effective renewable energy solutions across industrial, municipal, and technology sectors.
Versogen3 shared keywordsVersogen develops anion exchange membrane (AEM) electrolyzers that produce green hydrogen at scale for decarbonizing the energy, chemical, and manufacturing sectors. The company operates in the clean energy and hydrogen technology space.

Companies competing with Thiozen for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2023$954.5K
National Science FoundationPhase I2022$254.4K

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.

In the news

Thiozen: MIT Clean Hydrogen Spinout Raises $3.2 Millionpulse2.com · Jul 2024Thiozen Receives $3.2M in Fundingfinsmes.com · Jul 2024Thiozen Announces $3.2M in Funding from Provincial Government for Project in Albertaprnewswire.com · Jul 2024Thiozen Awarded $1.18 Million from NSF for Breakthrough Clean Hydrogen Production Technologyprnewswire.com · Feb 2024Thiozen Raises $3M in Seed Fundingfinsmes.com · Sep 2021Thiozen raises $3 million to advance low emission hydrogenprnewswire.com · Sep 2021

Frequently asked questions

What does Thiozen do?
Thiozen, an MIT spinout, produces hydrogen from sour gas waste streams using a low-emission method aimed at the energy industry. The company serves energy sector partners seeking affordable clean hydrogen for decarbonization and energy security.
Who founded Thiozen?
Thiozen was founded by Ryan Gillis, Ajay Bawa in 2020.
Who are Thiozen's investors?
Thiozen's investors include Good Growth Capital.
How much funding has Thiozen raised?
Thiozen has disclosed $6.2M raised across 2 rounds.
Where is Thiozen headquartered?
Thiozen is headquartered in Belmont, US.