Ember Technologies, manufacturer of a temperature controlled smart ceramic mug, has received debt financing from Crescent Cove Advisors. The transaction closed in the second quarter of 2019 and Crescent Cove provided all committed financing for the transactions.
“Crescent Cove’s investment will enable us to further advance our innovation and development of our product pipeline and IP as it pertains to temperature control,” said Clay Alexander, CEO and founder of Ember.
The connected mug is said to enhance the coffee and tea drinking experience by maintaining drinking temperature. Embedded with multiple temperature sensors and a microprocessor-controlled, dual-band heating system, the mug maintains coffee or tea at the user’s precise drinking temperature, the company said.
The mug also connects to the Ember mobile app, allowing users to select their drinking temperature. The app remembers the user’s preferred drinking temperature and has several preset options for customization.
Ember temperature control smart mugs are available at retailers including Starbucks, Apple, Best Buy, Bloomingdale’s, Sur La Table, Verizon, MoMA Design Store and others.