# Titan Advanced Energy Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/titan-advanced-energy-solutions

- Industry: Energy Storage & Batteries
- Headquarters: Salem, US
- Website: www.titanaes.com
- Total disclosed funding: $43M
- Latest round: Series B (Nov 16, 2021)
- Investors on record: 12

## About

Titan Advanced Energy Solutions specializes in high-resolution ultrasound-based inspection systems for battery manufacturing, focusing on quality control and improved manufacturing processes.Founded in 2016 in Salem, US, Titan Advanced Energy Solutions, Inc. develops innovative inspection technologies for battery manufacturing. The company secured its latest funding round, a Series B amounting to USD 33.00 mn, on November 16, 2021, led by HG Ventures with contributions from multiple investors. Founders René Honig, Sean ODay, and Shawn Murphy drive the company's vision, with Shawn Murphy currently serving as CEO.Titan Advanced Energy Solutions specializes in the development and deployment of high-resolution ultrasound-based inspection systems for battery manufacturing, with their flagship product being the IonSight technology. This platform provides comprehensive, real-time analysis of battery cell morphology, enabling manufacturers to detect critical manufacturing anomalies in a non-destructive manner. The IonSight system addresses various quality control issues, enhancing production efficiency and safety by analyzing over 500,000 data points per scan at a rate exceeding 55 parts per minute. Titan serves a global clientele, including leading battery manufacturers in North America, Europe, and Asia, focusing on optimizing quality control processes in gigafactories and supporting enhanced supply chain management.Titan Advanced Energy Solutions generates revenue through partnerships and direct sales of its IonSight inspection systems to battery manufacturers. Revenue comes from both initial equipment sales and service agreements, which provide ongoing support, maintenance, software updates, and training to clients. This model fosters long-term relationships with clients, ensuring consistent revenue streams aligned with evolving quality standards in battery manufacturing.With the recent Series B funding of USD 33.00 mn, Titan Advanced Energy Solutions aims to accelerate industrial-scale deployments of its battery diagnostics and management technologies. This funding will enhance the safety and efficiency of lithium-ion battery manufacturing, operation, and repurposing. The company is also exploring expansion into new markets across North America, Europe, and Asia to broaden its reach and impact in the battery manufacturing sector.

## Funding rounds

- Series B, Nov 16, 2021, $33M — Aster Capital, Energy Innovation Capital, HG Ventures, GS Energy, SE Ventures, Hydrogen Capital Partners, GS Holdings, GS Futures, Fortistar, Doral Energy-Tech Ventures, H+ Partners
- Series A, Jul 31, 2019, $10M — Aster Capital, Massachusetts Clean Energy Center, Energy Innovation Capital

## Investors

- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A, Series B
- Massachusetts Clean Energy Center (https://capitalatlas.ai/funds/massachusetts-clean-energy-center) — Series A
- Energy Innovation Capital (https://capitalatlas.ai/funds/energy-innovation-capital) — Series A, Series B
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series B
- GS Energy — Series B
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series B
- Hydrogen Capital Partners (https://capitalatlas.ai/funds/hydrogen-capital-partners) — Series B
- GS Holdings — Series B
- GS Futures (https://capitalatlas.ai/funds/gs-futures) — Series B
- Fortistar (https://capitalatlas.ai/funds/fortistar) — Series B
- Doral Energy-Tech Ventures (https://capitalatlas.ai/funds/doral-energy-tech-ventures) — Series B
- H+ Partners (https://capitalatlas.ai/funds/h-partners) — Series B