.avif)
Total amount raised
$1.7 Billion
Latest funding date
2026-08-07
Location
Sila has successfully raised funds over 12 rounds, with the latest being a conditional $1.4 billion loan commitment from the U.S. Department of War's Office of Strategic Capital, announced on August 7, 2026. That followed a $300 million venture round on July 21, 2026 co-led by Atreides Management and Sutter Hill Ventures, with participation from 8VC, Bessemer Venture Partners, Matrix Partners and T. Rowe Price Associates. 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, Atreides Management, Bessemer Venture Partners, Coatue, T. Rowe Price, Mercedes-Benz, and the U.S. Department of Energy. In July 2026 the company closed a $300 million venture round, and in August 2026 it received a conditional $1.4 billion loan commitment from the U.S. Department of War.
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 $1.7 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 to 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 to 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 (amounts of $100M and $475M have circulated for the round)
- Date: April 8, 2026
- Lead Investor: Permira
- Note: No official press release from Sila Nanotechnologies was published for this round, and the amount remains unconfirmed.
- Venture Round
- Amount Raised: USD 300,000,000
- Date: July 21, 2026
- Lead Investors: Atreides Management, Sutter Hill Ventures
- Participants: 8VC, Bessemer Venture Partners, Matrix Partners, T. Rowe Price Associates, and other existing and new investors
- Note: Raised to ramp gigascale anode manufacturing and strengthen America's technology sovereignty.
- Debt
- Amount Raised: USD 1,400,000,000 (conditional loan commitment)
- Date: August 7, 2026
- Investor: U.S. Department of War, Office of Strategic Capital
- Note: A conditional commitment to accelerate domestic battery technology manufacturing, contingent on satisfying financial, legal, and technical conditions, and not yet finalized financing.
Total Amount Raised: At least USD 1.7 billion based on disclosed funding rounds, excluding the April 2026 secondary market round and the conditional $1.4 billion loan commitment, with the Series A amount undisclosed. As of September 2026, the company's latest disclosed round is its August 2026 conditional debt commitment from the U.S. Department of War.
Key Investors
- Sutter Hill Ventures
- Details: Long-standing lead investor, participating from Series A through Series G. Also co-led the $300M venture round in July 2026.
- Atreides Management
- Details: Co-led the $300M venture round in July 2026 alongside Sutter Hill Ventures.
- Bessemer Venture Partners
- Details: Participated from early rounds through Series G, and again in the July 2026 venture round. 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, and participated in the July 2026 venture round.
- 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.
- U.S. Department of War, Office of Strategic Capital
- Details: Issued a conditional $1.4B loan commitment on August 7, 2026 to accelerate domestic battery technology manufacturing.
- Permira
- Details: Lead investor in Sila's April 2026 secondary market round. Sila did not publish a press release confirming the round.
What's Next for Sila?
Sila raised $300 million in July 2026 to ramp gigascale anode manufacturing and strengthen America's technology sovereignty, and on August 7, 2026 it received a conditional $1.4 billion loan commitment from the U.S. Department of War's Office of Strategic Capital to accelerate domestic battery technology manufacturing. That commitment remains contingent on satisfying financial, legal, and technical conditions. The capital supports scaling production of Titan Silicon anodes at the Moses Lake, Washington plant, the nation's first automotive-scale silicon anode facility, which opened in 2025. Sila's silicon anode materials replace conventional graphite anodes to deliver higher energy density, and its commercial relationships include Mercedes-Benz, which led the company's $219 million Series E in 2019.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data. Sign up for free today.
