Coatue bets on batteries in latest Silicon Valley play
Coatue Management led a group of other large institutional investors in contributing to a $590 million Series F funding for a company focused on developing silicon anodes.
Led by Founder Philippe Laffont, the New York-headquartered firm has more than $25 billion in assets and has long focused on technology, including a staffing a Menlo Park office.
Alameda, California- based Sila Nanotechnologies is the first to offer Sila Nano-powered batteries to ship in consumer devices as the company ramps up to meet the demand from smartphone and automotive customers.
“We believe . . .
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