Phononic raises a cool $40 million to make quiet, spacious refrigerators
November 16, 2016 at 09:32 AM EST
Refrigeration and air conditioning used to require vapor compressors, chemicals like Freon, fans, water chillers or passive heat sinks. But a North Carolina company called Phononic has developed solid state refrigeration technology instead. Phononic, which employs about 110 full-time today, just raised an additional $40 million in equity funding to rapidly expand manufacturing of its… Read More