John Doerr Invests $10 Million in Complete Solaria

<p><strong>SAN RAMON<&sol;strong> &&num;8212&semi; Complete Solaria&comma; a solar technology&comma; services&comma; and installation company&comma; has received a &dollar;10 million strategic investment from Foris Ventures&comma; LLC&comma; an entity affiliated with John Doerr&comma; Chairman of venture capital firm Kleiner Perkins&period;<&sol;p>&NewLine;<p>The commitment is part of a previously announced &dollar;30 million bridge round&comma; in support of Complete Solaria’s previously announced business combination with Freedom Acquisition I Corp&period;&lpar;NYSE&colon; FACT&rpar;&comma; and is being made in the form of a firm commitment to purchase &dollar;10 million of convertible notes&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are thrilled to gain the support of such a well-respected business leader and investor&comma;” said Will Anderson&comma; CEO of Complete Solaria&period;<&sol;p>&NewLine;<p>Doerr currently serves on the board of directors of Alphabet&comma; Coursera&comma; and DoorDash&period;<&sol;p>&NewLine;<p>The &dollar;10 million strategic investment from Foris Ventures is in addition to previously announced progress on the bridge funding&comma; which included a &dollar;14&period;2 million from T&period;J&period; Rodgers&comma; &dollar;3&period;5 million from Freedom’s sponsors and &dollar;2 million from other investors&period;<&sol;p>&NewLine;

Editor

Lumilens Emerges From Stealth With $900 Million

SAN JOSE -- Lumilens, a connectivity platform for AI infrastructure, has emerged from stealth, having…

2 days

Expedition Therapeutics Raises $115 Million Series B

SAN FRANCISCO – Expedition Therapeutics, a clinical-stage biotechnology company developing novel oral small molecule therapies…

2 days

Insight Partners Leads $57 Million Round in Convex

SAN FRANCISCO -- Convex, a backend platform designed for reliability at scale, has landed a $57 million…

1 week

Aurelius Reels In $40 Million Series A

SAN FRANCISCO -- Aurelius Systems has closed a $40 million Series A funding round. The…

1 week

Marvell Announces Innovations in AI Memory

SANTA CLARA – Marvell Technology, a provider of data infrastructure semiconductor solutions,  announced new innovations across its…

1 week

Simile Valued at $2 Billion With $200 Million Funding

PALO ALTO -- Simile -- an AI-based simulation company -- has raised $200 million at…

1 week