Infinite Power Solutions, Inc., a Littleton, Colo.-based company that manufactures solid-state, rechargeable, thin-film micro-energy storage devices for a variety of micro-electronic applications, has completed a $20m series C round of financing.
The new capital will allow the company to expand its manufacturing capacity and global sales channels. In addition, the funding will further support advanced research and development activities.
The round was co-led by D. E. Shaw Ventures, Polaris Venture Partners and Core Capital Partners, with participation from Generation Investment Management, Applied Ventures, LLC, and two additional strategic investors.
Earlier investors in the company included Texas Instruments and In-Q-Tel.
Founded in 2001, IPS markets its family of thin-film Micro-Energy cell (MEC) products under its THINERGY® brand.
FinSMEs
17/08/2010