# Cymbet Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cymbet

- Industry: Power & Utilities
- Headquarters: Elk River, US
- Website: www.cymbet.com
- Total disclosed funding: $52M
- Latest round: Series C (Jan 25, 2010)
- Investors on record: 9

## About

Cymbet Corporation is a technology firm specializing in energy storage solutions, particularly solid-state batteries and energy management systems, tailored for various electronic applications.Cymbet Corporation, founded in 2000, is based in Elk River, US, focusing on the development of advanced energy storage technologies. The company has completed a total of 9 deals, with the most recent funding round being a Series F in December 2015, raising USD 9.1 mn, which represents the total amount raised to date.Cymbet Corporation specializes in the development and manufacture of innovative energy storage solutions, primarily focusing on solid-state batteries and energy management systems. Their flagship product, the EnerChip™, is a thin-film battery technology designed for use in a variety of electronic applications, such as RFID tags, medical devices, and Internet of Things (IoT) devices. Offering high energy density, long cycle life, and the ability to operate in extreme temperatures, these products provide enhanced reliability and performance. Cymbet's products serve a diverse client base, including manufacturers in the consumer electronics, medical, and automotive sectors, primarily within North America, Europe, and Asia.Cymbet's revenue model is structured around direct sales of its energy storage products and systems to OEMs (original equipment manufacturers) and other industrial clients. These transactions often involve customized solutions tailored to specific client needs, fostering long-term partnerships rather than one-off sales. The company implements pricing strategies based on volume orders for their EnerChip™ products, with clients benefiting from tiered pricing models that incentivize larger bulk purchases. By focusing on B2B transactions, Cymbet builds sustained revenue streams through repeat business and collaborations with leading companies within its target markets, positioning itself as a valuable partner in the energy storage space.Cymbet Corporation's strategy for future growth includes the development of new products to enhance their energy storage portfolio. Plans are in place to expand into emerging markets across Asia and Europe by 2025. The funding raised in the Series F round in December 2015, amounting to USD 9.1 mn, is expected to support these initiatives, enabling the company to advance its product offerings and reach new customers in targeted regions.

## Funding rounds

- Series C, Jan 25, 2010, $31M — Intel Capital, Perseus, Helmet Capital, Ignite Group, Dow Venture Capital, Bekaert, Texas Instruments Incorporated, Cedar Point Capital
- Series B, Dec 21, 2004, $17M — Intel Capital, Millennium Materials Technologies, Helmet Capital, Ignite Group, Dow Venture Capital, Bekaert
- Series A, May 7, 2001, $4.5M — Millennium Materials Technologies, Helmet Capital

## Investors

- Millennium Materials Technologies (https://capitalatlas.ai/funds/millennium-materials-technologies) — Series A, Series B
- Helmet Capital (https://capitalatlas.ai/funds/helmet-capital) — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Ignite Group (https://capitalatlas.ai/funds/ignite-group) — Series B, Series C
- Dow Venture Capital (https://capitalatlas.ai/funds/dow-venture-capital) — Series B, Series C
- Bekaert — Series B, Series C
- Perseus (https://capitalatlas.ai/funds/perseus) — Series C
- Texas Instruments Incorporated — Series C
- Cedar Point Capital — Series C