Arctic Sand receives $19M series B funding

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. Th...