Sand 9, Inc., a Cambridge, MA-based MEMS technology company developing precision timing products for wireless and wired applications, has raised $23m in Series C financing.
The round was led by Intel Capital, with participation from Vulcan Capital. They join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR.
The company intend sto use the funding to ramp volume production as they go to market and to expand its product portfolio.
Founded in 2007 and led by CEO Vince Graziani, Sand 9 offers a precision MEMS technology platform designed to enhance quality and performance, simplify system design, and promote space and power savings in integrated electronic systems in a wide range of market segments including mobile, industrial and communications.
In conjunction with the funding, Dr. Siva Sivaram, Intel Capital, will join Sand 9’s Board of Directors.
FinSMEs
19/06/2012