The round also saw participation from Karan Goshar and Prakhar Pandey (Partners at Valour Capital, a venture fund investing in defence, aerospace, deeptech, and advanced manufacturing), with additional backing from angel investor Agam Shah.

Tulon follows a 'revenue-first, deep-tech' strategy in the specialty chemicals space. The firm said it emphasizes the creation of highly commercializable intellectual property that solves current market challenges, while maintaining a pipeline of breakthrough performance materials. Its portfolio includes a plastic waste upcycling technology designed to convert mixed polymer waste streams into chemical resins.

Tulon also works through an open innovation model, collaborating with industry partners, research institutions, and customers on technology validation and application development. The company uses AI in areas such as chemical simulation, validation, and research workflows to support product development.

Tulon said that its research priorities include material platforms intended to support lower-carbon industrial processes, reduce reliance on virgin fossil-derived feedstocks, and promote circular economy objectives within its target markets. It is also developing products for international markets, including the European Union, and reports that several products are currently undergoing technical validation with multinational companies.

'Tulon was founded to bridge the historical gap between deep scientific research and commercial agility,' said Harsh Bhatt, Co-founder and CEO of Tulon Materials.

'We engineer practical, scalable material platforms that improve industrial unit economics while advancing sustainability. This funding allows us to grow our IP portfolio, advance our upcycling technologies, and accelerate our validation timelines with enterprise partners globally.'

'Tulon represents a sophisticated approach to industrial deep tech, combining acute chemical expertise with modern digital execution,' added Karthik Sundar Iyer, lead investor.

'By establishing a highly technical platform that targets immediate, massive industrial end-markets, the team is building the foundational framework for a highly resilient and globally relevant specialty chemicals business.'