Seeo, a California-based maker of lithium polymer batteries, has closed a $17m funding round led by Samsung Ventures, the investment arm of Samsung Group.
Seeo’s rechargeable lithium batteries are built using a proprietary non-flammable polymer electrolyte it calls ‘DryLyte’, which it claims is safer than traditional lithium-ion batteries. The company says that its batteries are smaller, but capable of maintaining the same performance regardless of outside conditions like temperature.
Seeo is currently developing batteries for electric and hybrid vehicles; electric grids; telecom infrastructure like data centers; and consumer electronics.
Existing investors Khosla Ventures and GSR Ventures also participated. This brings the total Seeo has raised so far to $40.6m.