Company's advances in technology, patent portfolio, industry awards and partner discussions drive increased investor
interest.
DUBLIN, CALIFORNIA , Jan 25, 2021 - (ACN Newswire) - Amber Solutions, the young Silicon Valley company that is making
the digital control of electricity in solid-state architecture a commercial reality, today announced that its 2020
series B funding round raised more than $8.5 million from new and existing investors, following a successful year of
secured patents, partner discussions and multiple industry award wins.
According to Amber Founder and CEO Thar Casey, the company's progress in 2020 is all the more remarkable given the
challenges posed to the business by the COVID-19 pandemic and related lockdowns that prevented most, if not all, in
person product demonstrations.
"2020 presented a challenging business climate, but our commitment to revolutionize the world's building electrical
infrastructure helped Amber enter 2021 with increased investment, new patents, as well as multiple industry award wins
and nominations," Casey said. "Amber's progress is a sign of the accelerating demand from major electrical product
manufacturers for solid-state electrification technologies and its ability to completely disrupt and transform the
enormous global market for electrical products and services."
In addition to securing patents related to a digital AC/DC Enabler, an AC switch, a digital method to sense ground
faults, and super-efficient LED light fixtures in 2020, Amber started 2021 as a BIG Innovations 2021 Award winner, a CES
2021 Innovations Award honoree, and is currently a 2021 Edison Award nominee.
Amber's core innovation is a programmable solid-state power system that has a clear path to an even-smaller silicon chip
version. Amber's system controls the flow of electricity digitally, enabling unique integration of modern intelligence
into building electrical products and infrastructure. The solution introduces the world to a much safer, more reliable
and dramatically smarter alternative to the 1970's era electro-mechanical components that are used in nearly all modern
electrical infrastructure products.
"Amber's patents and innovations are rapidly driving demand for the development of intelligent solid-state based
products including two-wire dimmer switches, ultra-efficient commercial LED light fixtures, smart light switches, smart
outlets, smart circuit breakers, and more," Casey added. "Based on heightened industry interest, growing investments and
ever-increasing energy efficiency goals around the globe, we believe 2021 will be the year solid-state electrification
moves from validation to commercialization and mainstream productization."
About Amber Solutions
Amber Solutions is a leading developer of patented, innovative solid-state technologies for the digital control of
electricity. The company's disruptive breakthroughs change the electrical landscape forever for buildings and appliances
world-wide. These technologies upgrade power management from 1950's era electro-mechanical to safer, more reliable
solid-state architecture with embedded intelligence. Based in Dublin, California, the company is leveraging the
expertise of Silicon Valley professionals to deliver a disruptive enhancement to the value and functionality of the
world's electrical endpoints and infrastructure. For more information visit www.ambersi.com.