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… Continue Reading
DEMOfall 08: Microstaq shows micro-machined chip that can cut air-conditioning costs
Air-conditioning seemed an unlikely topic at the DEMOfall 08 conference. But cutting the cost of air-conditioning is one of the applications of a new chip from Microstaq. Needless to say, it was cool.
The Austin, Texas-based company has designed a micro-machined chip that performs some of the functions in an air conditioner while cutting the costs by 20 percent to 30 percent. The term “micro-machined” refers to a MEMS chip, or micro-electro-mechanical system. That is essentially… Continue Reading