Sila Secures $300 Million in Private Funding to Ramp Gigascale Anode Manufacturing

The investment will be used to accelerate U.S. production of silicon anodes powering critical industries – including space, defense, AI, electronics, and EVs.

Alameda, CA — July 21, 2026 — Sila, an advanced battery technology company, today announced it has secured $300 million in a private equity round led by Atreides Management, and Sutter Hill Ventures. 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.

The United States cannot rely on foreign supply chains for the materials that power the country’s economy and national security. China controls the battery anode mineral supply chain, with more than 90% of anode material processing and over 80% of global battery cell production, leaving American manufacturers of critical technologies – from drones to sensors to electric vehicles – exposed to single points of failure. A trade dispute, an export restriction, or a supply disruption could stall production across multiple critical technologies at once.

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