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Safire Technology Group raised $8 million in a Pre-Series A funding round led by Canaan Partners to advance their innovative SAFIRE technology for lithium-ion battery safety.

PRIVATESep 21, 2024

Amount Raised

$8 Million

Round Type

Pre-Series A

TysonsManufacturing

Investors

Correlation VenturesHigher Life VenturesAjinomotoAutomotive VenturesOutpost VenturesPotomac Angel CapitalMa C Venture CapitalCanaan Partners

Description

Safire Technology Group announced $8 million in new financing led by Canaan Partners to support the development of their Safe, Impact-Resistant Electrolyte (SAFIRE) technology. This funding round brings total funding to $11 million and focuses on enhancing safety benchmarks in the lithium-ion battery industry.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Safire Technology Group that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Vitrian raised $50M on November 5, 2024.
  • Arieca raised $500K (Series A) on November 5, 2024.
  • Marut Dronetech raised $6.2M (Series A) on November 5, 2024.
  • Ampd Energy raised $27M (Series B) on November 5, 2024.
  • Hyperion Companies raised $150K (Seed) on November 4, 2024.

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Company Information

Company

Safire Technology Group

Location

Tysons, Virginia, United States

About

Safire Group is a venture-backed company developing advanced Li-ion battery technologies for government and automotive markets. The company's core technology, SAFe Impact Resistant Electrolyte (SAFIRE™), is the world's only patented and proprietary drop-in additive for Lithium-ion (Li-ion) batteries that prevents fire through an instantaneous liquid-to-solid transformation upon kinetic impact, such as an electric vehicle (EV) crash or ballistic event.

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Related People

3 contacts
Verified contactsNader S., Director of EngineeringSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Safire Technology Group's next move

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Safire Technology Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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