Last deal

$18M

Amount

Series E

Stage

18.12.2019

Date

3

all rounds

$123.68M

Total amount

date founded

Financing round

General

About Company
1366 Technologies manufactures silicon wafers for solar modules.

Industry

Sector :

Subsector :

founded date

01.01.2008

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

The company's technology uses molten silicon to make silicon wafers with lower costs, reduced energy requirements, and better uniformity. This enables businesses to create solar cells with a better price to performance ratio. Founded in 2008, 1366 Technologies is headquartered in Bedford, Massachusetts.
Contacts

Contact Email

Phone number

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Emanuel M. Sachs
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Professor Emanuel Sachs is the Chief Technical officer of 1366 Technologies Inc, a company he founded together with Frank van Mierlo. Before joining 1366, Professor Sachs was the Fred Fort Flowers and Daniel Fort Flowers Professor of Mechanical Engineering at MIT where he specialized in the design of manufacturing processes. Professor Sachs co-invented Three Dimensional Printing, a manufacturing process for the creation of 3D parts directly from a computer model in layers. 3D Printing is being commercialized in fields-of-use including appearance models, ceramic molds for castings, direct metal tooling, end-use metal parts, medical devices, and pharmaceuticals. Together with co-workers, Professor Sachs was awarded an R&D 100 award in 1994 for his work on 3D Printing. Professor Sachs is also known for work in the area of Process Control of VLSI fabrication and is a co-inventor of a plasma etch diagnostic tool now commercially available. Professor Sachs is the author or co-author of more than 110 technical papers and is the inventor or co-inventor of more than 40 patents. Professor Sachs was awarded the B.S., M.S. and Ph.D. degrees, all in Mechanical Engineering and all from MIT, in 1975, 1976, and 1983, respectively.

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Frank van Mierlo is the CEO of 1366 Technologies, a solar technology company he started together with a team of engineers from RPI and MIT in 2008. The goal of 1366 Technologies is to make silicon based solar competitive with coal generated electricity. Van Mierlo’s previous venture was Bluefin Robotics Corp., a company that enjoyed double digit growth and was always profitable under his leadership. Bluefin became the leading robotics company in its field and is known for its technical competence and a customer-centric approach. The company maintained a strong balance sheet, a healthy cash flow and a team of highly qualified engineers. In May 2005 the company was sold to Battelle. Frank holds engineering degrees from MIT and Stanford and a business degree from Insead.

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Employee Profiles
16

Ray Fraser

Director, dw process

Rob Steeman

Vice president process engineering

Douglas Mcclean

Senior controls engineer

Laureen Sanderson

Director of marketing

Brian Eller

Chief operations officer

Nathan Blosser

Lead mechanical engineer

Frank van Mierlo

Frank van Mierlo

Founder & CEO

Ed Ambuter

Lead electrician

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