Cymbet Corporation develops EnerChip, an eco-friendly, rechargeable solid-state energy device that supplies distributed power for embedded systems. EnerChip targets integrated circuits and enables new product concepts across medical devices, sensors, RFID tags, industrial control, communications and portable electronics. The company is based in Elk River, MN and has been responding to rising customer demand for its product. Cymbet completed the final phase of its third round of private equity financing, raising $31M. Proceeds from the financing will be used to expand global sales and marketing initiatives and to add manufacturing capacity for EnerChip.

Total raised

$31M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2010