PlanarMag Lands Series B Financing

  • Feed Type
  • Date
    7/8/2009
  • Company Name
    PlanarMag
  • Mailing Address
    2945 Ramco West Sacramento, CA 95691
  • Company Description
    PlanarMag is advancing the magnetic components industry into the world of microelectronics. Drawing from practices used in the integrated circuit industry, PlanarMag applies advanced design and process technology to develop innovative solutions for wired and wireless communications.These markets demand ever increasing levels of performance, reliability, and miniaturization. Traditionally, the fabrication of small magnetic components has been based on manual winding and hand soldering during assembly. With such a large degree of manual construction, the hand wound devices are notorious for their inconsistency and reliability problems.
  • Website
    http://www.planarmag.com/
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Series B
  • Proceeds Purposes
    PlanarMag will use the proceeds from this investment to expand its operations, engineering and applications support structure as PlanarMag begins production shipments to leading networking OEMs and ODMs later this year.
  • M&A Terms
  • Venture Investor
    Tyco Electronics
  • Venture Investor
    American River Ventures