Power conversion start-up receives funding boost led by Murata Manufacturing

February 26, 2016 //By Paul Buckley
Power conversion IC company Arctic Sand Technologies has completed a $19 million Series B Financing round, led by Murata Manufacturing Company, Ltd. with co-investors GE Ventures, Northwater Capital and Arsenal Venture Partners.

Targeting major segments of the $5 billion DC/DC power conversion market, Arctic Sand’s ICs enable 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. An MIT spin-out initially funded in January 2013, the company’s growing 15-issued patent portfolio includes three exclusively-licensed MIT patents co-authored by Arctic Sand’s founder and Chief Scientist David Guiliano.    

The company is led by a executive management team that has previously built fabless power semiconductor companies and guided them to market success.

“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," said Arctic Sand Technologies’ CEO Gary Davison.