According to the LA Business Journal, Santa Monica wireless power company, has raised $10 million in a Series A round led by Upfront Ventures. Existing investors Andreessen Horowitz, Mark Cuban and Ludlow Ventures also participated in the financing round.

uBeam beams power through the air to wirelessly charge electronic devices. It's like Wi-Fi for energy. Our engineering team is comprised of world-class multidisciplinary inventors, where the word 'impossible' is not part of our lexicon. We take pride in solving complex technological problems quickly, across many fields. At uBeam, we go from PowerPoint to prototype in a month or less. We're on a mission to untether the world.