Arctic Sand receives $19M series B funding
Date: 29/02/2016
Power supply IC technology innovation company Arctic Sand Technologies has received a $19M Series B Financing round, led by Murata Manufacturing Company, Ltd. with co-investors GE Ventures, Northwater Capital and Arsenal Venture Partners.
Arctic Sand says its Data Center products increase server / storage platform power efficiency in up to 50% less space.
Arctic Sand is a MIT spin-out with 15-issued patents which includes three exclusively-licensed MIT patents co-authored by Arctic Sand’s founder and Chief Scientist David Guiliano.
Comments Arctic Sand Technologies’ CEO Gary Davison: “While our bestcompetitors struggle to increase power conversion efficiency by 1% per chip generation and struggle to make them fit intoever-thinner products, Arctic Sand’s first commercial product, an LED backlight driver IC for mobile computing platforms, increases power conversion efficiency by about 10% - in a 33% thinner form factor, and with no increase in circuit board footprint. Think of it as a no cost way to add an hour or two of operation for your tablet or smartphone.“
Adds Norio Nakajima, Member of the Board of Directors and Executive Vice President Communication & Sensor Business Unit and Energy Business Group at Murata: “Murata‘s long history of successful product innovation demonstrates that disruptive technologies are essential to enable market revolutions. This is why Murata is very excited to be working closely with the Arctic Sand team to develop market leading high efficiency power conversion products and technologies for our common customers.”
Author: Srinivasa Reddy N
