Tech Company Financing Transactions
1366 Technologies Funding Round
1366 Technologies closed a $6 million Series B venture capital round on 12/16/2010. Investors included private investors.
Transaction Overview
Company Name
Announced On
12/16/2010
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series B
Investors
Proceeds Purpose
The new round will enable 1366 to take its revolutionary Direct Wafer technology into production, a milestone the company will achieve well in advance of its original plan.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
6 Preston Ct.
Bedford, MA 01730
USA
Bedford, MA 01730
USA
Phone
Website
Email Address
Overview
Solving Silicon PV's Cost Barrier -- Silicon PV wafers comprise 50% of the cost of a module and limit manufacturers' cell efficiencies due to bulk quality and surface non-uniformities. 1366's one-step Direct Wafer process solves these quality and cost barriers by providing manufacturers with a uniformly better wafer produced for a fraction of the cost.
Management Team
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We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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