![[Funding news] MA-based Transaera Secures $10.5Million in Funding](https://startuprise.io/wp-content/uploads/2024/11/MA-based-Transaera-Secures-10.5Million-in-Funding.webp)
Transaera, a tech company focused on energy-efficient cooling and dehumidification, has secured $10.5 million in funding. This includes $8.2 million in seed funding and $2.3 million in non-dilutive grants from the U.S. Department of Energy.
The Seed-2 round was led by Clean Energy Ventures, with participation from Energy Impact Partners and new investor MassMutual Ventures.
The company plans to use the funds to move from pilot projects to full commercial deployments and scale up manufacturing. Transaera, led by CEO Sorin Grama, has developed a cooling system using solid desiccants to absorb moisture, which provides more efficient cooling, even in hot and humid conditions.
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Their technology uses waste heat from the cooling process to remove humidity from the air, cutting overall energy consumption by 40% and almost doubling system efficiency.
About Transaera
Transaera is working to develop ultra-efficient air conditioning systems to help billions of people stay comfortable while reducing environmental impact and easing pressure on power grids.
