# Merlin Solar Technologies funding: rounds and investors

> Merlin Solar Technologies has raised $16M across 1 round since 2025. Every round with its source.

Source: https://millionrounds.com/company/merlin-solar-technologies (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Merlin Solar Technologies*

One round we have observed, with the 0 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Semiconductors

Raised 11 months ago

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Funding summary Updated 15 Nov 2026

**$16M** raised across 1 round since 2025, from 1 source

- **Latest round:** Round, $16M Dec 2025
- **Investors:** 0

See who backed them

## The rounds

- **Dec 2025** Round **$16M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $16M sold, first sale Dec 2025

## Funding filed with regulators

Merlin Solar Technologies filed 2 raises, $26M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jan 2026 **$16M** 10 investors of $21M offered SEC Form D
- Apr 2016 **$10M** 5 investors equity of $13M offered SEC Form D

## Founders and team

From Merlin Solar Technologies's own website: 1 founder, 3 on the team.

**Kendall Combs** CTO, Founder, & President

- **Venkatesan Murali** Chief Financial Officer
- **Dong Xu** VP of Engineering
- **Ian VanReepinghen** VP of Engineering

## Quick answers about Merlin Solar Technologies

### How much has Merlin Solar Technologies raised?

Merlin Solar Technologies has raised $16M across 1 round since 2025.

### When did Merlin Solar Technologies last raise?

Merlin Solar Technologies's most recent round, $16M, was in Dec 2025.

### What was Merlin Solar Technologies's biggest round?

Its most recent round, $16M in Dec 2025, is also its largest on record.

### Where is Merlin Solar Technologies based?

Merlin Solar Technologies is based in the United States.

## Companies like Merlin Solar Technologies

In the same sector, and raised in the last eighteen months.

[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Numem** $5.9M · Oct 2026](https://millionrounds.com/company/numem)[**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)[**Tenstorrent** $3.0B · Oct 2026](https://millionrounds.com/company/tenstorrent)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)

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