Ciris Energy Raises $23.9 Million To Convert Coal To Natural Gas
January 03, 2011 at 08:16 AM EST
Ciris Energy, Inc., a Cenetennial, Colorado energy startup, raised a series B investment of $23.9 million a recent SEC-filing revealed. Khosla Ventures led the round with earlier Ciris backers Braemar Energy Ventures, Rho Ventures and GE Energy Financial Services, the companies announced Monday. Ciris Energy aims to produce natural gas from coal in a way that is more environmentally responsible and economically efficient than other methods of producing natural gas. It also aims to turn coal into a far less dangerous and polluting energy resource than it is today.