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SolarBridge Technologies
About
SolarBridge Technologies commercializes power electronics technologies.
- 51 - 100
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $2.30M
- Industries
- Electronics,Manufacturing,Solar
- Founded date
- Jan 1, 2004
- Number Of Employee
- 51 - 100
- Operating Status
- Active
SolarBridge Technologies, formerly SmartSpark Energy Systems, was founded in 2004 to commercialize power electronics technologies created at the University of Illinois. In early 2009, they launched a new corporate strategy to focus exclusively on the solar industry with microinverter and monitoring solutions. The company has a major research and development site in Champaign, Illinois and has recently expanded to include a new corporate headquarters in Austin, Texas. Led by industry veterans and academic professionals, their mission is to reduce the Levelized Cost of Energy (LCOE) for solar installations by dramatically improving reliability, increasing energy production, and simplifying installation.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Oct 7, 2011 | Grant | $1.75M | 1 | — | — | Detail |
| Sep 13, 2011 | Grant | $2.30M | 1 | — | — | Detail |
| Jun 20, 2011 | Series C | $19M | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
US Department of Energy
|
— | Grant |
Texas Wide Open for Business
|
— | Series C |
