Overlord Labs raises $4.35m Seed extension for GENESIS battery chip
Band of Angels led the extension as Overlord advances chip validation, customer samples and production readiness.
From chip bring-up to qualification and sampling
Band of Angels led Overlord Labs’ $4.35 million seed extension, joined by Foothill Ventures, Unlock Pacific Ventures, NuFund Venture Group, Sand Hill Angels and Castle Fund. The extension brings total seed financing to $7.25 million and cumulative capital, including non-dilutive strategic funding, to $10 million.
The GENESIS integrated circuit has completed bring-up and is operating. New capital will support validation and qualification, customer sampling, firmware and battery-algorithm work, and production infrastructure for commercial scale.
Use of funds
Complete validation and qualification of the GENESIS battery-intelligence IC
Support customer sampling and Tier 1 OEM engagement
Expand firmware and battery-algorithm capabilities
Build production infrastructure for commercial scale