Battery manufacturing intelligence provider Feasible has renamed itself Liminal, and raised $8 million in a Series A financing round, co-led by Good Growth Capital and The University of Tokyo Edge Capital Partners. Liminal will use the new funding to accelerate deployment of its product to battery manufacturers and automakers.
Liminal’s battery intelligence platform, EchoStat, uses proprietary ultrasound and machine learning analytics technology to perform battery inspections during manufacturing. “The non-destructive ultrasonic inspection provides a detailed look inside battery cells, offering a better understanding of the physical environment during the production process,” says the company.
“The EV battery manufacturing industry needs to grow by at least 15 times in the next decade to meet projected demand. Battery shortfalls and recalls can be devastating,” said Maureen Stancik Boyce of Good Growth Capital. “By detecting upstream issues at their source through each stage of the battery manufacturing process, Liminal’s technology creates value by enabling new EV battery manufacturers to come online faster and produce with significantly improved accuracy and safety.”
“One critical piece that our technology solves for is enabling the production of lower-cost, higher-performing, and more reliable batteries,” said Andrew Hsieh, Liminal’s co-founder and CEO. “We see a big opportunity for Liminal to empower its customers with rich data and insights to solve problems before they start. Our focus is to collaborate with battery manufacturers and automakers who…see battery process engineering and production innovations as a competitive advantage.”