Northwater Capital joins $19 mln Series B funding of Arctic Sand
Cambridge, Mass.-based semiconductor company Arctic Sand Technologies Inc has raised US$19 million in a Series B financing. The round was led by Murata Manufacturing Co Ltd and was joined by the company's existing investors, including Canadian venture capital firm Northwater Capital Management. Founded in 2011, Arctic Sand has developed technology based on power conversion intellectual property developed and licensed from the Massachusetts Institute of Technology. Its products help to significantly improve power conversion efficiency.
1 March 2016•3 mins read
