MIT Spinout Arctic Sand Surges With $19M From Murata, GE, Others

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.

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