Qnovo Inc., a Newark, CA-based provider of software to enhance battery performance, closed an $8.6M Series B funding.
Intel Capital joined existing investors RockPort Capital, U.S. Venture Partners, and Blue Run Ventures in the new round.
The company intends to use the funds to support the 2016 commercial launch of smartphones incorporating Qnovo’s adaptive charging technology. In collaboration with Intel, Qnovo is also expanding the use of its technology into notebook PCs and wearable devices.
Led by Nadim Maluf, CEO, Qnovo develops innovative and patented charging algorithms that utilize existing computational power in mobile devices to dynamically measure and modify how the battery is charged in order to reduce charge time, mitigate cell damage, increase daily runtime and longer battery lifetime.
The technology is applicable to any battery-powered application.
FinSMEs
02/09/2015