The round is joined by 8VC, Bessemer Venture Partners, Matrix Partners, funds and accounts advised by T. Rowe Price Associates, Inc, and other existing and new investors. The raise will accelerate U.S. production of Sila's silicon-carbon (Si/C) anode technology, Titan Silicon® and support a planned Phase 2 expansion at Sila's plant in Moses Lake, Washington.

Founded in 2011, Sila is a next-generation American battery technology company that develops and manufactures advanced solutions to power critical industries. The Sila-invented Si/C anode technology (Titan Silicon®) launched in 2021 and drives performance across drones, satellites, electronics, robotics, AI, and electric vehicles. By combining American intellectual property with gigascale manufacturing, Sila delivers the power, supply chain security, and cost-effectiveness that the world requires. Sila's battery materials are produced at its first-of-a-kind facility in Moses Lake, Washington.