MC10, a Cambridge, MA-based company that aims to transform rigid and planar high performance electronics into flexible and conformal products, closed a $12.5m Series B venture capital financing.
The round was led by new investor Braemar Energy Ventures, with participation from existing investors North Bridge Venture Partners, Osage University Partners, and Terawatt Ventures.
The company intends to use the funds to accelerate development and bring its first products to market.
Led by CEO David Icke, MC10 is currently developing flexible, bendable or wearable electronic products for the sports, military, biomedical and energy fields. Initial partners include Reebok and Massachusetts General Hospital.
The company is currently hiring (http://www.mc10inc.com/pages/co_careers.php).
FinSMEs
28/06/2011