SolarBridge gets $15 million venture investment

By American-Statesman staff | Monday, April 26, 2010, 09:18 AM

Austin-based SolarBridge Technologies has raised $15 million to build out operations for its first product launch.

Rho Ventures and Battery Ventures made the investment. SolarBridge has raised a total of $27 million.

SolarBridge develops technology to make solar panels more efficient. It is one of about two dozen companies that has received money from the Texas Emerging Technology Fund. The fund invested $1.5 million in the company in March.

Founded in 2004 using technology licensed from the University of Illinois, SolarBridge plans to launch its first product by the end of More >