July 21 - 10:07
Phononic gets $50m from Goldman Sachs
A company which uses semiconductors to efficiently run cooling appliances like air conditioning units and fridges has raised $50m in funding from Goldman Sachs. Phononic's technology could replace the damaging chemicals that are widely used. The company, which is now said to be worth in excess of $500m, will use the cash to increase manufacturing and to explore new markets.
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