Menlo Microsystems, an Irvine, CA-based electronic switch tech company, raised $150M in Series C funding.
The round was led by Vertical Venture Partners and Tony Fadell’s Future Shape with participation from Fidelity Management & Research Company, DBL Partners and Adage Capital Management, Standard Investments, Paladin Capital Group, Piva Capital, and PeopleFund.
The company intends to use the funds to expand its domestic manufacturing and supply chain for its Ideal Switch.
Led by Russ Garcia, CEO, Menlo Micro has developed the Ideal Switch, which combines the benefits of electromechanical and solid-state switches to bring reductions in size, weight, power, and cost to dozens of industries such as medical, aerospace and defense, telecommunications, consumer electronics, industrial IoT, and test and measurement.
The Ideal Switch is a tiny, fast, reliable, withstands extreme temperatures, is ultra-low loss and can handle 1,000s of Watts. It is manufactured using conventional semiconductor equipment.
Menlo Micro is now exploring domestic semiconductor manufacturing locations in California, New York, Texas, and Florida.
FinSMEs
09/03/2022