Sand 9, Inc., a Cambridge, Mass.-based developor of a timing oscillator and frequency control technology for the wireless device market, has closed a $12m Series B round of financing.
The investment was led by new investor Commonwealth Capital Ventures, with participation from previous investors Flybridge Capital Partners, General Catalyst Partners and Khosla Ventures.
The funding will be used to accelerate sales and marketing and expand product manufacturing to volume shipment levels.
In connection with the round, Stephen McCormack, a general partner with Commonwealth Capital Ventures, will join David Aronoff, a general partner at Flybridge Capital Partners, and Hemant Taneja, a general partner at General Catalyst Partners, on the company’s board of directors.
Sand 9 is dedicated to the design of components aimed at improving the performance and increasing the capabilities of electronic devices. The company is introducing a MEMS technology, the Temperature Compensated MEMS Oscillator, to replace quartz crystal frequency sources in high performance applications such as 3G cellular, GPS and other communications.
Sand 9 also operates a design center in Chandler, AZ.
FinSMEs
12/05/2010