PAO Severstal, a Russian company mainly operating in the steel and mining industry, Pangaea Ventures and SABIC, two venture capital firms, completed the investment in Airborne International, a provider of developing digital automation platforms for the production of composite parts, and products with integrated composites. Financial terms were not disclosed. “Our deal with Airborne resonates with one of the strategic priorities of our Company strategy – to pursue new opportunities. We are actively working with market niches within the sector that have potential for exponential growth. In particular, we are looking at advanced materials that could reach the steel market in the near future, as well as at technologies for their production. Together with Airborne, we plan to explore opportunities to move towards integrating metals and composites in our innovative customer solutions. With Airborne’s unique automation platform, customers will be able to place their orders directly on the appropriate portal, and receive an affordable product that meets their needs. On a global scale, we see huge potential for composite materials, the market value of which is estimated at $90bn. Severstal is delighted to provide the team at Airborne with our support, and to be its first partner from the steel industry," Andrey Laptev, Severstal Director of Business Development.