seeo

Seeo, a California-based maker of lithium polymer batteries, has closed a $17m funding round led by Samsung Ventures, the investment arm of Samsung Group.

Seeo’s rechargeable lithium batteries are built using a proprietary non-flammable polymer electrolyte it calls ‘DryLyte’, which it claims is safer than traditional lithium-ion batteries. The company says that its batteries are smaller, but capable of maintaining the same performance regardless of outside conditions like temperature.