Battery startup Seeo finds a backer in Samsung

Gigaom

Battery startup Seeo, which has developed a lithium ion battery that it says is safer to use than the standard ones currently on the market, will announce on Tuesday that it has raised another round of $17 million in funding, including from new investor Samsung Ventures. Korean electronics giant Samsung is one of the largest producers of batteries in the world, and the funding could not only help Seeo get closer to bringing its batteries to market, but the investment is also a vote of confidence in the early stage startup’s battery technology.

Seeo’s battery innovation largely involves improvements to the electrolyte, or the medium that shuttles lithium ions back and forth between the cathode and the anode to charge and discharge the battery. Traditional lithium-ion battery electrolytes are mostly made of liquid, while Seeo is using a solid dry polymer based electrolyte, which feels more like plastic to…

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