Overview

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Total Equity Funding
$93.45M in 10 Rounds from 10 Investors
Most Recent Funding
$15M Series C on June 28, 2016
Headquarters:
Bedford, Massachusetts
Description:
1366 Technologies manufactures silicon wafers, the building blocks of solar cells, at a fraction of today’s cost
Founders:
,
Categories:
Semiconductor, Solar, Manufacturing
Website:
http://www.1366tech.com
Social:

Company Details

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Founded:
2008
Contact:
7818611611
Employees:
51 - 100 | 1 in Crunchbase

1366 Technologies, Inc. aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the basic building blocks of solar cells, at a fraction of today’s cost.

The traditional process of making wafers, where wafer slices are sawed from large ingots of very pure polycrystalline silicon, is a complex, multi-step, multi-machine, batch process that wastes a lot of material and has high labor and operating costs. 1366 Technologies’ proprietary Direct Wafer™ technology reduces this expensive process to a continuous, single-step and delivers a superior wafer that can be utilized in more than 80% of the world’s cell factories without adding a single new piece of equipment.

1366 Technologies was founded in 2007 by Frank van Mierlo and former MIT professor, Dr. Emanuel “Ely” Sachs. The company is based in Bedford, Massachusetts.

Funding Rounds (11) - $96.45M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2016$15M / Series C1
May, 2016$10M / Series C1
Apr, 2015$5M / Series C1
Dec, 2013$2.5M / Series C1
Oct, 2013$15M / Series C5
Feb, 2011$3M / Grant1
Jan, 2011$2.4M / Series B0
Dec, 2010$6M / Series B3
Oct, 2010$20M / Series B4
Feb, 2010$5.15M / Series A2
Mar, 2008$12.4M / Series A2

Current Team (1)

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Competitors (1)

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  • Suniva develops, manufactures and markets PV solar cells for clean, earth-friendly power generation.

Offices/Locations (1)

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  • HQ

    6-8 Preston Court

    Bedford, Massachusetts 01730

    United States

Past Team (1)

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Images (1)

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