By Sarah Buhr.
Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in Series D financing.
Bolt Threads has been on a meteoric rise since it first told TC about its ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud, and more abundant.
Sure, the idea of wearing mass-produced spider webs might sound strange — and several entrepreneurs have tried to do this before without success — but Bolt Threads has spun the impossible into gold with the debut of its first item of clothing, a $314 necktie, earlier this year.
Read more at TechCrunch.