Ambient Photonics is a technology company.
Ambient Photonics has raised $30.0M across 1 funding round.
Ambient Photonics has raised $30.0M in total across 1 funding round.
Ambient Photonics has raised $30.0M in total across 1 funding round.
Ambient Photonics's investors include Regeneration.VC, Matthew Chagan.
Ambient Photonics develops low-light energy-harvesting solar cells that power IoT and smart devices using ambient indoor and outdoor light, replacing disposable batteries with a sustainable alternative. Founded in 2019 and headquartered in Scotts Valley, California, the company targets smart home, consumer electronics, and IoT manufacturers seeking maintenance-free, high-density power solutions. Its cells deliver over three times the power of conventional indoor PV tech from a broader light spectrum, enabling slimmer, greener designs for devices like sensors, keyboards, and mice. With $61M raised across two Series A rounds—including a $30M Series A2 in 2023—the firm has scaled to pilot production and opened the first U.S. low-light PV factory, signaling strong growth momentum amid rising demand for battery-free connectivity.[1][2][3][4]
Ambient Photonics spun out in 2019 from the Warner Babcock Institute for Green Chemistry in Boston, where its core low-light solar PV technology was originally developed and funded by Cthulhu Ventures LLC.[2][3][4] CEO and co-founder Bates Marshall, a solar industry veteran, joined via an investor connection and prioritized U.S.-based operations to counter China's solar dominance, leveraging local talent in Scotts Valley.[4] Early traction came from partnerships with global IoT leaders, culminating in a $31M Series A in 2022 led by Amazon's Climate Pledge Fund and others, followed by the 2023 oversubscribed $30M Series A2 from Fine Structure Ventures and climate-focused VCs like Helios Climate Ventures.[1][2][3] Pivotal moments include launching a fully automated Scotts Valley factory in spring 2024 for mass production, employing 45 of its 70 staff locally.[4]
Ambient Photonics rides the explosive growth of IoT and smart devices, projected to exceed 75 billion connections by 2025, where battery life and sustainability are key bottlenecks amid global pushes for net-zero emissions.[1][2] Timing aligns with regulatory pressures on e-waste (e.g., EU battery directives) and corporate net-zero pledges, like Amazon's, favoring energy-harvesting alternatives over lithium mining strains.[3][4] Market tailwinds include rising clean energy investment and U.S. onshoring amid China trade tensions, enabling Ambient to disrupt a $10B+ PV market fragment dominated by inefficient indoor solutions from competitors like Epishine or Dracula Technologies.[1] It influences the ecosystem by partnering with IoT giants (e.g., Qorvo), accelerating battery-free designs in smart buildings, retail, and consumer tech, and proving U.S. manufacturing viability for green hardware.[2][4][5]
Ambient Photonics is primed for hypergrowth, with mass production ramping in 2025 to supply hyperscale electronics makers, potentially capturing 10-20% of the indoor PV market by 2027. Trends like edge AI proliferation and stricter sustainability mandates will amplify demand for its tech, especially as IoT power needs drop below 1mW. Expect Series B funding soon, factory expansions, and deeper integrations in wearables/smart homes—evolving from niche innovator to cornerstone of battery-free connectivity. This positions it to redefine sustainable power, much like early solar pioneers transformed outdoor energy, but for the indoor world we live in daily.[2][3][4]
Ambient Photonics has raised $30.0M across 1 funding round. Most recently, it raised $30.0M Series A in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $30.0M Series A | Regeneration.VC, Matthew Chagan |