Shocking Technologies Raises $15.2M in Funding
Shocking Technologies, Inc., a San Jose, CA-based developer of a patented polymer nano-composite for protecting electronic products from electrostatic discharge (ESD), has raised $15.2m in funding.
Backers include Littelfuse, Inc. (NASDAQ: LFUS), Arch Ventures, ATA Ventures, Balch Hill Capital, Skylake Incuvest, Vista Ventures and other private investors.
The company intends to use the funds to build capacity and infrastructure.
Founded in 2006 and led by President and CEO Lex Kosowsky, Shocking Technologies provide a Voltage Switchable Dielectric™ (VSD) solution, which is implemented through its XStatic™ material, a polymer nano-composite that functions substantially as an insulator (dielectric) during normal circuit operation and becomes substantially conductive when the voltage increases beyond a predefined threshold.
It is embedded in PCBs to protect the system from harmful ESD events.
The company also expanded its production facility in San Jose.