Ionic Mineral Technologies, a leading U.S. producer of advanced materials for energy, defense, and technology sectors, has successfully closed a $29 million Series B financing round.

Hypercraft, a leading hybrid and electric powertrain supplier reshaping the future with its software-defined mobility operating system, completed a $26 million Series A raise, with a post-money valuation of $106 million.

Investment will allow Utah-based Farmstead Manufacturing to grow its facility from 1,000-square-feet to 5,000-square-feet, adding 25-30 jobs in the local community.

WTC Utah is proud to help Utah companies grow their brands internationally. This year, we’re bringing you some of our favorite home-grown products that are making spirits bright in markets across the world.