Monday, February 18, 2008

Pythagoras Solar Completes $10 Million Round

Tel Aviv, Israel – Pythagoras Solar Inc., a solar energy company developing innovative photovoltaic technology, announced today the successful completion of a $10 million Series A financing round, led by Israel Cleantech Ventures and joined by Pitango Venture Capital and Evergreen Venture Partners. Pythagoras Solar, the first company that was conceived and incubated within Precede Technologies, will use funds for Israel-based R&D and global commercialization of its innovative technology and products that have the potential to change the economics of solar power. Link.