What EntroMat does

EntroMat Pty. Ltd. is an Australian deep-tech startup spun out of Swinburne University of Technology that manufactures High Entropy Material (HEM) powders — alloys and ceramics composed of five or more principal elements — under a registered patent combining conventional and sustainable production routes. Its core technology leverages computationally designed HEM compositions, including High Entropy Alloys, Oxides, Ceramics, and Carbides/Nitrides, produced as application-specific powders for additive manufacturing, surface-engineered coatings (e.g., thermal spray), and powder metallurgy components. The company has organized its portfolio into four vertical product lines: Mining & Industrial (wear/corrosion-resistant coatings positioned as a hard-chrome alternative), Energy (hydrogen, fuel cells, batteries), MedTech (biocompatible materials), and Aerospace (turbine and thermal-barrier applications).

The company operates a B2B enterprise sales motion targeting large industrial buyers in mining, aerospace, energy, and MedTech, with quote-based pricing on customized formulations rather than standardized catalog products. Its go-to-market is co-development-led: EntroMat works jointly with Swinburne University, IIT Madras, UNSW, and industry partners such as D&T Hydraulics and Engineering to commercialize research output, leveraging non-dilutive grant funding from the Australian Research Council and the Australian Government's Australia's Economic Accelerator program. Revenue mechanics are anchored on proprietary powder sales, but the firm is pre-commercial at present with no disclosed customers or revenue.

EntroMat was effectively commercialized in 2024 through the appointment of Founder-in-Residence Greg Lindsay and CEO Ricardo Yosef, drawing on a research lineage dating back to at least 2018 (ARC Industrial Transformation Training Centre). Capital structure to date is light: a 2024 AEA Seed Grant (amount undisclosed) and a March 2025 $1 million round co-led by Breakthrough Victoria and Swinburne University. The firm is headquartered in Melbourne, Australia, with a headcount of 1-10. Its strategic differentiation rests on patented production technology, multi-decade academic IP, and a circular-economy positioning that recovers critical raw materials (cobalt, nickel, titanium, lithium) from end-of-life components.

Name

EntroMat

Legal name

EntroMat Pty. Ltd.

Website

https://entromat.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

EntroMat is a Melbourne-based deep-tech startup that manufactures patented High Entropy Material powders for mining, aerospace, energy, and MedTech applications via B2B co-development with Swinburne University and industry partners.

Ownership category

akta.pro rank

Product category

Advanced Materials

NAICS

Powder Metallurgy Part Manufacturing (332117), Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers (332812)

SIC

Miscellaneous Chemical Products (2890), Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Metal Powders (LPBF/DMLS/EBM) (IMAAABAE)

akta.pro secondary industries

Coating, Painting & Plating (Powder Coat, Anodizing, Electroplating, PVD/CVD) (IMAAAGAI), Powder Coatings (IMAEAGAE)

Keywords

• High entropy alloys
• Metal powder manufacturing
• Additive manufacturing materials
• Wear resistant coatings
• Circular economy materials

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. HEM Powder Sales: EntroMat generates revenue through the sale of proprietary High Entropy Material (HEM) powders tailored for specific industrial applications including additive manufacturing, surface-engineered coatings, and powder metallurgy components. The company targets mining, aerospace, energy, and MedTech sectors with customized powder solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

EntroMat designs and manufactures proprietary High Entropy Material (HEM) powders — including High Entropy Alloys, Ceramics, Oxides, and Carbides/Nitrides — using patented technology that combines conventional and sustainable manufacturing routes. The company offers four industry-specific product lines (Mining & Industrial, Energy, MedTech, Aerospace) of computationally designed, application-specific HEM powders for additive manufacturing, surface-engineered coatings, and powder metallurgy components.

Product overview

EntroMat is a deep-tech company offering a portfolio of High Entropy Material (HEM) powders produced through proprietary, patented technology combining conventional and sustainable routes. The company provides four distinct product lines: Mining & Industrial HEM Powders for wear and corrosion-resistant coatings; Energy HEM Powders for hydrogen production, fuel cells, and battery systems; MedTech HEM Powders for biomedical applications; and Aerospace HEM Powders for turbine blades and thermal barriers. These computationally designed compositions are tailored for additive manufacturing, surface-engineered coatings, and powder metallurgy components across mining, aerospace, steelmaking, and renewable energy industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Mining & Industrial HEM Powders Proprietary composite High Entropy Material (HEM) powders engineered to deliver high-performance wear and corrosion-resistant coatings for mining tools and heavy industrial machinery, providing an environmentally and health-friendly alternative to traditional hard chrome plating.
• Energy HEM Powders Custom-formulated HEM powders providing high thermal stability and oxidation resistance for critical components in hydrogen production and storage, fuel cells, and next-generation battery systems, optimized to withstand extreme temperatures and aggressive chemical conditions.
• MedTech HEM Powders Specialized HEM powders designed for high-performance medical applications, providing enhanced durability and biocompatibility for biomedical applications.
• Aerospace HEM Powders Lightweight, high-strength HEM powders providing exceptional resistance to thermal stress and oxidation for high-stress, high-temperature applications such as turbine blades, thermal barriers, and structural components in extreme environments.

Quantifiable outcome

• Extended equipment lifespan and reduced maintenance downtime in demanding mining environments
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and secondary.

• D&T Hydraulics and Engineering Pty LtdcoreStrategic or Co-development Partner · 1 January 2024Industry partner in the AEA Seed Grant project 'Recycling critical metals and minerals into value-added alloy powders: A circular economy approach'. D&T Hydraulics contributes industry expertise and end-of-life components for HEA recovery and repurposing, supporting the circular economy initiative in advanced manufacturing.
• Swinburne University of TechnologycoreStrategic or Co-development PartnerEntroMat's primary academic partner, originating from over a decade of HEM research led by Distinguished Professor Chris Berndt and Associate Professor Andrew Ang. Swinburne appointed Founder-in-Residence Mr Greg Lindsay to help bring innovations to market. The partnership encompasses joint R&D, computational modelling, coatings technology, and surface science expertise. EntroMat appears to be a spin-out or commercialization vehicle associated with this research.
• Indian Institute of Technology Madras (IIT-M)coreStrategic or Co-development PartnerLong-term research partner with Professors B.S. Murty and R.S. Kottada, who joined the original HEM research group alongside Swinburne. Ms Ameey Anupam from IIT-M also contributed to advancing the research. IIT-M contributed to early HEM research, including publication of one of the first manuscripts on the topic.
• University of New South Wales (UNSW)secondaryStrategic or Co-development PartnerProfessor Paul Munroe from UNSW joined the research team through a 2021 ARC Discovery Project grant alongside Professor Berndt and Associate Professor Ang, contributing additional expertise to the HEM research programme.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Höganäs AB: World's largest producer of metal powders for additive manufacturing, surface coating, and powder metallurgy. Direct category overlap with EntroMat across all three target application areas; operates at vastly greater scale and with global customer qualifications.
• Carpenter Technology Corporation: US specialty alloy producer with significant powder metallurgy and additive manufacturing powder offerings serving aerospace, MedTech, and energy. Comparable in serving the same regulated end-markets as EntroMat, but with established customer qualifications and broader product portfolio.
• Sandvik AB (Sandvik Additive Manufacturing): Sandvik produces Osprey-brand metal powders for additive manufacturing and thermal spray coatings, with strong presence in aerospace and mining wear parts. Directly comparable in metal powder product category, end-markets, and surface-coating application areas.
• Oerlikon (Surface Solutions and AM): Oerlikon produces metal powders for additive manufacturing and thermal spray surface coatings serving aerospace, energy, and industrial markets. Direct competitor to EntroMat's powder metallurgy, additive manufacturing, and surface-engineered coating offerings.
• Kennametal Inc. Producer of tungsten carbide, wear-resistant materials, and hard-facing solutions for mining, aerospace, and energy. Comparable to EntroMat's mining & industrial wear-resistance use case, particularly the hard-chrome replacement angle.
• Praxair Surface Technologies (Linde): Provides thermal spray coatings and engineered surface solutions for aerospace, power generation, and industrial markets. Comparable to EntroMat's surface-engineered coatings use case across similar end-markets.

Emerging players

• 6K Additive: Produces sustainable metal powders for additive manufacturing using a proprietary plasma process that converts recycled and machined-turnings feedstock into AM-grade powders. Closely comparable to EntroMat's circular-economy / sustainable production angle.
• Elementum 3D: Develops advanced metal powders including high-entropy alloy and reactive metal compositions for additive manufacturing. Direct material-science peer in the HEA space with comparable AM powder focus.
• Equispheres: Specialises in high-quality aluminium and alloy powders for additive manufacturing with proprietary atomisation technology. Comparable emerging player in metal AM powders targeting aerospace and transportation end-markets.
• Metalysis: UK-based developer of solid-state metal powder production technology targeting titanium and other advanced alloy powders. Comparable in novel metal powder production technology and targeting advanced manufacturing end-uses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/entromat-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EntroMat