Wednesday, December 1, 2021

Ember Finds $23.5M More

Westlake Village-based Ember Technologies, best known for its temperature-controlled mugs, said today that it has raised $23.5M in a Series E funding round. The funding was led by GOLDTek Technology, a subsidiary of Foxconn Technology Group, and also included EDBI and others. According to Ember, the new funding will go to develop new product categories and scale its brand internationally. Ember is led by founder and CEO Clay Alexander. Ember says it has been working on a self-refrigerated, "cloud-based" shipping box. The company says it has expanded its office in Westlake Village, and it has plans to establish a new, regional HQ and research and development center in Singapore, and is planing to more than double its team between the two regions. More information »

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