North Carolina State University spin-off Phononic secures $21m for solid state cooling.

Phononic, a spin-out of North Carolina State University, has raised a $21m series C to continue commercialising solid state cooling technology. The round was led by Beijing-based Tsing Capital, with participation from National Bank Financial, a subsidiary of the National Bank of Canada, and existing backers Oak Investment Partners and Venrock, originally established in 1969…

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