Menlo Micro Raises $150 Million in Series C Capital
- ByStartupStory | March 11, 2022
Menlo Microsystems (Menlo Micro) announced a $150 million Series C financing headed by Vertical Venture Partners and Tony Fadell’s Future Shape on Thursday.
Menlo Micro has already raised approximately $225 million in total capital.
The funds will be used to expand Menlo Micro’s domestic manufacturing and supply chain for the Ideal Switch, a device that combines the benefits of a mechanical relay and a semiconductor switch and is “tiny, fast, reliable, withstands extreme temperatures, is ultra-low loss, and can handle 1,000 of Watts,” according to the company. It’s also made with standard semiconductor machinery.
New investors Fidelity Management & Research Company, DBL Partners, and Adage Capital Management joined current investors Standard Investments, Paladin Capital Group, Piva Capital, and PeopleFund to participate in the round.
It will be interesting to observe how the company manages the production of ‘Ideal Switch’ technology as the world looks for more AI-based operations, perhaps making conventional semiconductor equipment obsolete.
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