Company: Enovix
Transaction: $23 million provate placement

California-based Enovix is pioneering a silicon lithium-ion battery for mobile products. Enovix has built a new battery platform with an orthogonal approach which enables much greater innovation in materials, design, production, and packaging than a conventional lithium-ion battery. With strategic investments and support from industry leaders Cypress Semiconductor, Intel, and Qualcomm, Enovix is enabling engineers and designers to deliver on the promise of an extraordinary mobile future for global consumers.