LightSail Energy is a compressed air energy storage technology startup located in Berkeley, California. LightSail was founded in 2008, by CEO Steve Crane and chief science officer Danielle Fong. It was initially focused on using compressed air to power a scooter, but shifted towards an energy storage product for the power grid. As of late 2014, the company had around 55 employees. As of February 2016, LightSail had raised approximately $70 million in venture capital investment. Investors in LightSail include Khosla Ventures, Peter Thiel, Microsoft founder Bill Gates, Innovacorp, and oil supermajor Total S.A..