Unicorn Nest news
6K Raises $51M in Series C Funding
– 6K Energy is a battery developer based in Hayward, CA.
– Company raised $45m in Series B funding.
– The round was led by Volta Energy Technologies with participation from Catalus Capital, S Cap/Prithvi Ventures, Anzu Partners, Launch Capital, Material Impact and RKS Ventures.
– The new investment will be used to complete its Battery Development Center of Excellence.
Unicorn Nest news
Debut Biotech Raises $22.6M in Series A Funding
– Debut Biotech is a San Diego, CA-based developer of a biomanufacturing platform harnessing cell-free enzymes.
– The company raised $22.6m in Series A funding.
– The round was led by Material Impact with participation from Cultivian Sandbox Ventures, Fine Structure Ventures, ACVC Ventures, Humboldt Fund, Cantos Ventures, as well as existing investors including KdT Ventures.
– The new capital will be used to commercialize ingredients developed from its proprietary cell-free biomanufacturing platform.
Unicorn Nest news
Sustainable Water Company Infinite Cooling Closes $12.25M Series A Round Led by Material Impact
– Infinite Cooling Inc. has closed $12.25m in Series A financing led by Material Impact.
– The company will use the funds to amplify the company’s momentum, deploy its product on large-scale facilities and expand its growing customer base.
– Using proprietary technology developed at MIT, Infinite Cooling harvests the large amounts of pure water that are produced as a by-product of cooling systems in power plants, data centers and manufacturing facilities.
– This makes industrial processes more sustainable, mitigates their impact on local aquifers and reduces operational costs. It also improves safety and reliability by capturing cooling tower plumes.
– For a single medium-sized power plant, this can result in over a hundred million gallons of water saved and millions of dollars in water cost savings per year.