However, by the end of the year, LightSail was running out of money, and needed to raise additional funding [REF].
A $37.3 million round was announced on November 5, 2012,[REF][REF][REF] and the investors included Innovacorp, Bill Gates, Peter Thiel, Silicon Valley Bank, and other venture capital firms, as well as additional funding from initial investor Khosla Ventures [REF].