Software provider Qnovo, a startup that has developed software to significantly enhance battery performance, has announced a further USD 8.6 million in Series B funding from Intel Capital and existing investors RockPort Capital, US Venture Partners and Bluerun Ventures. The five-year-old company has now raised over USD 23 million and is now ready to include its technology on mobile phones for the first time next year. In addition, thanks to Intel's backing, the company said it will also expand the use of its technology into notebook PCs and wearable devices.
Qnovo described its patented adaptive charging technology as a fundamentally different approach to the battery charging methods that have existed for almost a century. The company uses existing computational power in mobile devices to dynamically measure and modify how the battery is charged in order to reduce charge time and mitigate cell damage. The startup added that its partners have verified battery performance improvement and safety with over four years of rigorous testing.
