Amber Solutions, a Dublin, California-based company creating a modern hyper-intelligent electrical architecture, completed a $5.5m round of financing.
Thr backers were not disclosed.
The company intends to use the funds to strengthen its ability to continue refining and productizing its technologies into prototypes and pre-production products for evaluation, manufacturing and shipment by growing the number of industry partners.
Led by Founder and CEO Thar Casey, Amber is a developer of patented, innovative technologies for digital control of electricity in solid-state architecture – with embedded intelligence, all based on its patented and patent-pending portfolio of owned and exclusively licensed technologies.
Amber also secured three new memorandums of understanding (MOUs) with global manufacturers of electrical products, smart automation systems and silicon chips. Of its now nine signed MOUs, one of these partner agreements progressed to a binding agreement with a revenue commitment.