Technology Insight

Amber Solutions Closes Series B Funding Totaling More Than $8.5 Million

DUBLIN, Calif. — Amber Solutions, based here, announces that a 2020 series B funding round raised more than $8.5 million from new and existing investors, following a successful year of secured patents, partner discussions and multiple industry award wins.

Amber’s core innovation is a programmable solid-state power system that has a clear path to an even-smaller silicon chip version, according to the company. The system is said to control the flow of electricity digitally, enabling unique integration of modern intelligence into building electrical products and infrastructure.

According to Amber Founder and CEO Thar Casey, the company’s progress in 2020 is all the more remarkable given the challenges posed to the business by the COVID-19 pandemic and related lockdowns that prevented most, if not all, in person product demonstrations.

“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 says. “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.”

“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 says. “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.”

The post Amber Solutions Closes Series B Funding Totaling More Than $8.5 Million appeared first on Security Sales & Integration.

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