The financial and innovation news late last week and over the weekend was dominated by the spectacular collapse of Silicon Valley Bank (SVB), prompting widespread concern about the U.S. innovation ecosystem and broader financial markets. What happened? SVB, which largely served venture capital (VC) firms and venture-backed startups in the U.S., failed and was taken […]
Solar Cell Maker Ambient Photonics Lands USD17.5 Million of Debt to Build Factory – EQ Mag Pro
Mill Valley, Calif. : Ambient Photonics has completed the initial financing for its state-of-the-art U.S. solar manufacturing facility. Silicon Valley Bank and Trinity Capital have added $17.5 million in debt financing to the company’s previously announced equity investments of $31 million, raising Ambient’s combined equity and debt funding to $48.5 million. The debt financing lenders […]
CLIR RENEWABLES SECURES C$1.7M DEBT FACILITY WITH SILICON VALLEY BANK
Clir invests in expanding reach of innovative renewable energy optimization software in new markets, targets a 5% increase in global clean energy output Vancouver: Clir Renewables, the leading provider of performance assessment software for renewable energy, has secured a C$1.7m loan with Silicon Valley Bank, the bank of the world’s most innovative companies and their […]