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.
