Thiel Invests in LightSail Compressed-Air Storage System
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LightSail Energy Inc., a closely held developer of energy-storage systems, received $37.3 million in funding led by billionaire investor Peter Thiel to commercialize its technology.
The Series D financing included Khosla Ventures, which led LightSail’s prior funding rounds, and billionaire Bill Gates, the Berkeley, California-based company said today in a statement.