Infinite Power Solutions, Inc., a Littleton, Colo.-based clean-technology company, has completed a $10M Series D financing.
The round was co-led by existing investors Generation Investment Management, D. E. Shaw Ventures, Polaris Venture Partners and Core Capital Partners, with participation from Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., In-Q-Tel and two additional strategic investors.
The company intends to use the funding to expand its manufacturing capacity, to complete the build out of its global sales channels and to further support advanced research and development of its eco-friendly THINERGY® solid-state rechargeable Micro-Energy Cell (MEC) products, which serve battery powered consumer applications such as Bluetooth® Smart devices and other wireless sensor nodes, and also provide backup power for real-time clocks, memory modules, and solid-state drives.
Founded in 2001 and led by President and CEO Jim Norrod, Infinite Power Solutions is a global leader in manufacturing solid-state, rechargeable, thin-film micro-energy storage devices for embedded applications. It is an ISO 9001 certified manufacturer of solid-state, thin-film batteries, and its products displace conventional coin cells, supercapacitors, and other micro-battery solutions.