LONDON – Arctic Sand Technologies Inc., a fabless chip company commercializing power management technology, has announced it raised a $9.6 million Series A round of funding at the end of 2012.
Investors include Arsenal Venture Partners, Northwater Capital and Ray Stata, Dialog Semiconductor and Energy Technology Ventures.
Arctic Sand (Cambridge, Mass.) was founded in 2011 as a spin-off from Massachusetts Institute of Technology and is commercializing energy efficient dc-to-dc power conversion chips for multiple markets.
The company claims its Transformative Integrated Power Solutions (TIPS) technology reduces energy losses by 50 percent compared with existing products while occupying a fraction the size.
"A staggering 80 percent of energy generated worldwide is lost as heat due to power-conversion losses," said Nadia Shalaby, CEO and co-founder of Arctic Sand, in a statement. "Such excessive power inefficiency results in both unnecessary electricity expenses and significantly oversized distribution and generation in serving the world's rapidly expanding computing and data storage needs."
Datacenters worldwide spend more than $50 billion on electricity each year and emit more carbon dioxide than the airline industry, said Shalaby. "By cutting power-conversion losses in half and delivering a smaller solution size within the end products, Arctic Sand's technology empowers device manufacturers to recover energy and space – satisfying the increased functionality demands of their customers," Shalaby added.
John Major, chairman of Arctic Sand and a former chairman of Broadcom and former CTO of Motorola, said Arctic Sand's technology also has a potentially transformative effect in the telecom, industrial and mobility markets.
Mark Tyndall, vice president of business development and corporate strategy for Dialog Semiconductor plc, said Arctic Sand's power-conversion platform delivers enhanced energy efficiency along with space and cost savings.
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