Microstaq, the chip company that wants to cut air conditioning costs, raises $12.5M more
Microstaq, the Austin, Texas company that has designed a chip that performs some of the functions in an air conditioner while cutting the costs by 20 percent to 30 percent, has raised $12.5 million in second round of financing (Series B).
Good Energies led the investment. Existing backers Yaletown Venture Partners and Polygon Group also participated. The company has raised $22.5 million to date. We wrote about the company here, when it presented at the DEMO conference. It went on to win a “DEMOgod” award.
Next Story: Is Latency Crippling Yahoo’s Right Media? Yep.
Previous Story: SanDisk and record companies launch slotMusic, or albums on flash cards
About the Author, Matt Marshall
Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.