SunDensity, a Rochester, N.Y.-based company that focuses on improving the photonics of solar modules, closed $2.5m in initial financing.
The round was led by Clean Energy Ventures with participation from Luminate, Rochester Angel Network (RAN), LaunchNY, and Clean Energy Venture Group.
The new funding will support the expansion of the SunDensity team, jumpstart its production, and accelerate partnerships with key industry players.
SunDensity develops Photonic Smart Coating (PSC™) technology that increases solar power output and has additional applications in consumer electronics and architectural glass . The technology is designed to work with any solar module and complement existing anti-reflective coating technologies for a wide range of glass and materials manufacturers. The technology can also reduce energy consumption and improve the performance of consumer electronics displays and architectural glass in buildings.
The company is led by Nish Sonwalkar (Sc. D. MIT), Founder of SunDensity and inventor of the PSC™ technology.