Tuesday, June 10, 2008

CFX Battery Quietly Raises Funding

Pasadena-based CFX Battery, a stealth spinout of Caltech working on battery technology, has quietly raised a round of venture capital. The funding was disclosed by Maurice Gunderson, of CMEA Ventures, as part of a keynote at the GreenTech 2008 conference in Pasadena last Friday. Amount and investors in the firm have not been disclosed, however, according to various sources, other investors in the company include U.S. Venture Partners and Harris and Harris.

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