Redwood attracts Google for its $425M Series E as AI power needs rise | TechCrunch
Google is the latest investor to back Redwood Materials as the battery recycling and cathode production startup scales a new energy storage venture to power AI data centers and other industrial sites.
Redwood Materials, founded by former Tesla CTO JB Straubel, last October raised $350 million in a Series E round led by venture firm Eclipse. The round included a new strategic investment by Nvidia’s venture capital arm, NVentures.
More investors, including newcomer Google, have piled in since, pus...
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