Suffolk Technologies Announces Investment in Sublime Systems
Summary
BOSTON(BUSINESS WIRE)Suffolk Technologies, the institutional venture capital platform affiliated with innovative builder Suffolk, today announced an investment in Sublime Systems, an advanced technology company revolutionizing the production of cement through a breakthrough electrochemical process that reduces emissions and waste. Sublimes mission is no less than fundamentally reshaping a cornerstone of the global built environment landscape, and we are proud to support them through our capital, our network, and our commitment to building a more sustainable world.Suffolk Technologies continues to play a leading role in identifying, investing in, and accelerating solutions that address the built environments toughest problemsfrom labor shortages to carbon reduction. Led by Managing Partners Wan Li Zhu, Jit Kee Chin, and Puneet Mahajan, Suffolk Technologies invests in early and growth-stage startups transforming the built world across real estate and development, architecture, engineering and construction, property management, and smart cities. Suffolk Americas Contractor is a national company with more than $6.5 billion in annual revenue, 3,000 employees, and offices in Boston (headquarters); New York City and Westchester County, New York; Miami, West Palm Beach, Tampa and Estero in Florida; Dallas; Los Angeles, San Francisco and San Diego; Las Vegas; Portland, Maine; New Haven, Connecticut; Herndon, Virginia; and Salt Lake City. Suffolk manages some of the most complex, sophisticated projects in the country, serving clients in every major industry sector, including healthcare, life sciences, education, gaming, transportation/aviation, federal government and public work, mission critical, advanced technology and commercial.Suffolk is privately held and is led by Founder, Chairman and CEO John Fish.