Purity ReSource closed a $681,421 seed funding round in April, raising to bankroll "sustainable material recovery processes." The startup markets products that clean water used in semiconductor manufacturing so that dissolved chemicals can be reclaimed and water can be reused. If it works as advertised, thousands of gallons per year can be recycled in one of the driest places on the planet.
Arizona State University participated in the round, awarding the company a grant to fund technology optimization and field testing of its water purification and chemical extraction, while the Arizona Commerce Authority also invested. However, the amounts of the grants were not disclosed and there may be other investors.
