PRISM™ Worldwide Secures $40 Million Series A Funding for Revolutionary Rubber and Asphalt Innovations

PRISM™ Worldwide, a pioneering leader in rubber and asphalt innovation, has successfully secured $40 million in funding to accelerate its mission of transforming the rubber industry through sustainable practices and cutting-edge technology. Specializing in environmentally friendly solutions, PRISM™ is revolutionizing the way end-of-life tire (ELT) rubber is utilized by chemically and physically converting it into a high-value thermoplastic rubber product (PTR™). This process preserves the valuable polymers and carbon black while maintaining sulfur bonds, a groundbreaking achievement that sets PRISM™ apart in the industry. With its patent-pending innovations, the company has developed PRISM™ Enhanced Asphalt Rubber (PEAR™), which, when combined with asphalt binders for road construction, significantly lowers carbon emissions, enhances fuel efficiency, and extends the lifespan of road surfaces. This investment will enable PRISM™ to scale its operations, refine its technology, and further develop its suite of products, including the WaveBond™ systems for asphalt recovery and repair. By focusing on sustainable, durable solutions, PRISM™ aims to not only create significant economic value but also substantially reduce environmental impact in the asphalt industry. This funding round marks a major milestone for PRISM™, empowering the company to enhance its offerings and contribute to a more sustainable future for road construction and maintenance, ultimately saving communities millions in capital expenditures while providing innovative, high-performance materials.