Daimler, Siemens, Samsung and Amperex-backed battery technology producer Sila Nanotechnologies more than tripled its valuation to $3.3bn in the series F round.

Sila Nanotechnologies, a US-based battery materials producer backed by corporates Daimler, Siemens, Samsung and Amperex, recently secured $590m in its series F round, it announced yesterday.

The round was led by investment manager Coatue and included funds and accounts advised by T. Rowe Price, as well as 8VC, Bessemer Venture Partners (BVP), Canada Pension Plan Investment Board and Sutter Hill Ventures. It valued Sila Nano at $3.3bn post-money.

Founded in 2011, Sila Nano has developed a silicon-based anode it claims…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.