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Total amount raised
$1.31B
Latest funding date
2026-04-08
Location
Sila has successfully raised funds over 8 rounds, with the latest being a Series G round involving notable investors such as Sutter Hill Ventures and T. Rowe Price. The company specializes in advanced silicon anode battery technology, offering market-proven solutions that deliver exceptional energy density and fast charge improvements.
Keep reading to explore the intricacies of Sila's fundraising journey and the investors backing this innovative platform.
Sila Nanotechnologies has raised significant funding across multiple rounds, backed by prominent investors including Sutter Hill Ventures, Bessemer Venture Partners, Coatue, T. Rowe Price, Mercedes-Benz, and the U.S. Department of Energy.
Keep reading to explore Sila's fundraising journey, key investors, and what's next for this next-generation battery materials company.
What Is Sila?
Sila (formerly Sila Nanotechnologies) is a next-generation battery materials company headquartered in Alameda, California. Founded in 2011 by Gleb Yushin and Gene Berdichevsky, Sila develops silicon anode materials — its flagship product being Titan Silicon — that replace conventional graphite anodes in lithium-ion batteries, enabling higher energy density for electric vehicles and consumer electronics. In 2025, Sila opened the nation's first automotive-scale silicon anode manufacturing plant in Moses Lake, Washington.
How Much Funding Has Sila Raised?
Sila has raised over $1.3 billion across multiple venture, government grant, and secondary market rounds. Below is the confirmed public funding history:
- Grants (Early Stage)
- Amount Raised: ~$2.2M (various small grants)
- Date: April 2012 – August 2012
- Investors: U.S. Department of Energy ($1.5M + $225K), National Science Foundation ($500K)
- ARPA-E Grant
- Amount Raised: $3.22M
- Date: March 2016
- Investor: ARPA-E
- Series A
- Amount Raised: Undisclosed
- Date: June–August 2016
- Lead Investors: Bessemer Venture Partners, In-Q-Tel
- Series D
- Amount Raised: USD 70,000,000
- Date: August 2018
- Lead Investor: Sutter Hill Ventures
- Participants: Bessemer Venture Partners, Matrix Partners, In-Q-Tel, Next47, Amperex Technology, Samsung Venture Investment
- Series E
- Amount Raised: USD 219,000,000
- Date: April 2019
- Lead Investor: Mercedes-Benz (Daimler AG)
- Participants: 8VC, Bessemer Venture Partners, Chengwei Capital, Sutter Hill Ventures, Next47, Matrix Partners, CPP Investments, BMW
- Series E Extension
- Amount Raised: USD 45,000,000
- Date: November 2019
- Lead Investor: CPP Investments
- Series F
- Amount Raised: USD 590,000,000
- Date: January 2021
- Lead Investor: Coatue
- Participants: T. Rowe Price, 8VC, CPP Investments, Bessemer Venture Partners, Sutter Hill Ventures
- Post-Money Valuation: $3.3B
- DOE Grant
- Amount Raised: USD 100,000,000
- Date: October 2022
- Investor: U.S. Department of Energy (Bipartisan Infrastructure Law)
- Series G
- Amount Raised: USD 375,000,000
- Date: June 27, 2024
- Lead Investors: Sutter Hill Ventures, T. Rowe Price Associates
- Participants: Bessemer Venture Partners, Coatue, Perry Creek Capital, and undisclosed new investors
- Secondary Market
- Amount Raised: Undisclosed (Crunchbase records $100M; Yahoo Finance records $475M for the round)
- Date: April 8, 2026
- Lead Investor: Permira (identified as lead on Crunchbase)
- Note: No official press release from Sila Nanotechnologies was found for this round. Conflicting amounts reported across secondary data sources.
Total Amount Raised: At least $1.31B based on disclosed funding rounds (Crunchbase lists $100M for the latest Secondary Market round; Yahoo Finance data suggests a higher total of approximately $1.4B).
Key Investors
- Sutter Hill Ventures
- Details: Long-standing lead investor, participating from Series A through Series G. Also identified as lead in the June 2024 Series G round.
- Bessemer Venture Partners
- Details: Participated from early rounds through Series G. One of the most consistent investors in Sila's history.
- Coatue
- Details: Led the $590M Series F in January 2021; continued participation in Series G.
- T. Rowe Price Associates
- Details: Co-led the Series G alongside Sutter Hill Ventures in June 2024.
- Mercedes-Benz (Daimler AG)
- Details: Led the $219M Series E in April 2019; also a strategic commercial partner for Sila's battery technology.
- CPP Investments
- Details: Participated in Series E and Series F; led the $45M Series E extension in November 2019.
- U.S. Department of Energy
- Details: Awarded Sila a $100M grant in October 2022 under the Bipartisan Infrastructure Law to support the Moses Lake, Washington manufacturing facility.
- Permira
- Details: Identified on Crunchbase as the lead investor in Sila's April 2026 Secondary Market round. No public press release from Sila confirmed this.
What's Next for Sila?
Sila is well-positioned to capitalize on the rapidly growing demand for advanced battery materials. With a state-of-the-art manufacturing facility in Moses Lake, Washington, Sila aims to scale its production of Titan Silicon anodes to meet the needs of automotive and consumer electronics customers. The company's focus on silicon-based anode materials represents a significant technological leap over traditional graphite anodes, offering higher energy density and performance. Sila's strong investor backing and strategic partnerships with leading automotive manufacturers like Mercedes-Benz position it as a key player in the transition to electric vehicles and sustainable energy solutions.
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