Daanaa Resolution, Inc. has announced a Series A investment of USD 7M led by VoLo Earth Ventures. The funding will be used to complete Daanaa’s first product in the solar energy vertical and move into commercialization. VoLo Earth, a venture capital firm investing in the new energy economy, sees Daanaa as a versatile technology addressing the global climate crisis.
Daanaa placed second in the 2020 NVBC Competition, winning the $65,000 Innovate BC Second Place Prize Package.
Their proprietary semiconductors provide medium – and modality-free power transactions. That allows solar panels to overcome conventional hardware restrictions of cell connectivity, optimizers and inverter composition, dramatically increasing power production and reducing BOS costs. The technology features can be seen on Daanaa’s website at the technology page.