Microstaq offers electronic flow control and silicon design solutions that address global energy consumption problems.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Austin
State: Texas
Zip:
Country: United States
The company recently launched at the DemoFall conference, on September 10, 2008. Microstaq&s;s silicon chips are designed to replace the complex metal solenoids and valves that control the flow of refrigerants in air conditioning units. Since they don&s;t have moving parts that use energy and give off heat during operation, the chips can operate 25 to 30 percent more efficiently than traditional valves. On September 22nd, Mirostaq announce a $12.5 million Series B round of investment. Funding was led by Good Energies, with follow-on investments from existing investors Yaletown Venture Partners and Polygon Group.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2010 | Debt Financing | $4.5M | 9/2008 | Series B | 3 | $12.5M |
Polygon US Good Energies Yaletown Partners Good Energies Polygon US Yaletown Partners |
1/2006 | Series A | - | 10/2010 | Venture Round | $10.2M | 1/2006 | Series A | - |
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