Monday, May 23, 2011

Innovalight Gets $3.4M From DOE

Sunnvyale-based Innovalight, a developer of silicon ink technology, said last week that it has scored $3.4M from the U.S. Departmetn of Energy (DOE). The firm said the funding came under the DOE's SunShot initiative, and will go to accelerate the development and production of silicon ink material and processes for high efficiency solar cells. Innovalight has previously scored venture funds from Apax Partners, ARCH Venture Partners, Convexa Capital, EDB Investment, Harris and Harris, Leader Ventures, Scatec AS, Sevin Rosen Funds, Silicon Valley Bank, StarTech Early Ventures, Triton Ventures, and Vertex Venture Holdings.