Thin-film Battery Maker Draws More VC Money

Moresco, Justin
December 2008
Red Herring;12/3/2008, p1
Trade Publication
The article reports that thin-film battery developer Infinite Power Solutions has raised $13 million in a second round of venture funding in December 2008. Such venture funding was led by investors D.E. Shaw Ventures and Polaris Venture Partners. According to Ray Johnson, chief executive of Infinite Power, the funding will allow the company to expand its sales and increase applications of its technology. Other investors in the financing round include Applied Ventures, Core Capital Partners and In-Q-Tel.


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