© stevanovicigor Business | February 29, 2016

Arctic Sand raises $19 million in series B financing

Arctic Sand Technologies, a power conversion IC startup, has completed a USD 19 million Series B Financing round, led by Murata Manufacturing Company.
Co-investors were GE Ventures, Northwater Capital and Arsenal Venture Partners. Targeting major segments of the USD 5 billion DC/DC power conversion market, Arctic Sand’s ICs aims to enable significantly more runtime, smaller batteries and thinner profile smartphones, tablets and Ultrabooks. Arctic Sand’s Data Center products increase server / storage platform power efficiency in up to 50% less space.

Comments Arctic Sand Technologies’ CEO Gary Davison: “While our best competitors struggle to increase power conversion efficiency by 1% per chip generation and struggle to make them fit into ever-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. This is why Murata is very excited to be working closely with the Arctic Sand team to develop market leading high efficiency power conversion products and technologies for our common customers.”


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