SolarBridge Technologies, an Austin, Texas-based developer of module-integrated solar micro-inverters, has secured $19 million in Series C funding. The company says it has now raised more than $46 million to date.
The funds, raised from current investors as well as new financial and strategic investors, will be used to ramp up production capacity, expand sales support and logistics organizations, and scale up research and development teams.
Rho Ventures led the Series B financing round. Battery Ventures, which led the Series A funding, also participated in the Series B. The Texas Emerging Technology Fund participated as an investor and contributed $1.5 million to the B round as well.
With the recent growth and funding, SolarBridge has also doubled the size of its corporate headquarters in Austin and, by year-end, will have 75 employees worldwide, the company adds.