Arctic Sand Technologies announced Thursday it raised $19 million to boost its business selling power conversion semiconductors used in mobile devices and data centers.
The Cambridge, MA-based company’s Series B round was led by Murata Manufacturing, along with co-investors GE Ventures, Northwater Capital and Arsenal Venture Partners. Arctic Sand raised $9.6 million in a Series A round three years ago.
The MIT spinout was founded in 2010 and also has offices in Silicon Valley and Taiwan.
Author: Jeff Bauter Engel
Jeff, a former Xconomy editor, joined Xconomy from The Milwaukee Business Journal, where he covered manufacturing and technology and wrote about companies including Johnson Controls, Harley-Davidson and MillerCoors. He previously worked as the business and healthcare reporter for the Marshfield News-Herald in central Wisconsin.
He graduated from Marquette University with a bachelor degree in journalism and Spanish. At Marquette he was an award-winning reporter and editor with The Marquette Tribune, the student newspaper. During college he also was a reporter intern for the Muskegon Chronicle and Grand Rapids Press in west Michigan.
View all posts by Jeff Bauter Engel
