Amber Solutions Raises $ 8.5 Million in Series B Funding
energycioinsights

Amber Solutions Raises $ 8.5 Million in Series B Funding

Energy CIO Insights | Tuesday, February 02, 2021

Amber's key breakthrough is a programmable, state-of-the-art power device that has a direct route to an even smaller version of a silicon chip.

FREMONT, CA: Amber Solutions, a young Silicon Valley startup that is making remote management of energy in solid-state architecture a commercial reality, revealed that its 2020 Series B investment round has raised more than 8.5 million dollars. They obtained it from new and current investors after a fruitful year of secured patents, partner talks, and numerous industry awards.

According to Amber Founder and CEO Thar Casey, the company's success in 2020 is all the more impressive considering the obstacles presented by the COVID-19 pandemic and associated locks that hindered much, if not all, in-person product demos. "2020 presented a challenging business climate, but our commitment to revolutionize the world's building electrical infrastructure helped Amber enter 2021 with increased investment, new patents, as well as multiple industry award wins and nominations," Casey said. "Amber's progress is a sign of the accelerating demand from major electrical product manufacturers for solid-state electrification technologies and its ability to completely disrupt and transform the enormous global market for electrical products and services."

In addition to winning patents related to the digital AC/DC Enabler, the AC switch, the digital ground fault detection system, and the super-efficient LED light fixtures in 2020. Amber began 2021 as the winner of the Major Inventions 2021 Award, the CES 2021 Innovations Award, and is currently eligible for the 2021 Edison Award.

Amber's key breakthrough is a programmable, state-of-the-art power device that has a direct route to an even smaller version of a silicon chip. The Amber device manages the movement of energy digitally, allowing the unique incorporation of modern intelligence into the development of electrical goods and utilities. The approach brings the world to a significantly cleaner, more durable, and drastically smarter alternative to the 1970s-era electro-mechanical components found in virtually all existing electrical infrastructure goods.

"Amber's patents and innovations are rapidly driving demand for the development of intelligent solid-state based products including two-wire dimmer switches, ultra-efficient commercial LED light fixtures, smart light switches, smart outlets, smart circuit breakers, and more," Casey added. "Based on heightened industry interest, growing investments and ever-increasing energy efficiency goals around the globe, we believe 2021 will be the year solid-state electrification moves from validation to commercialization and mainstream productization."

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