Monday, June 18, 2012

Sand9 Raises for $23 Million for MEMS Resonators

Sand 9, a start-up based in Cambridge, Mass., raised a total of $23 million in its Series C financing for its MEMS precision timing products for wireless and wired applications.

Sand 9's MEMS timing-device platform achieves stringent phase noise and short-term stability requirements for wireless and wired applications.

The new funding round was led by Intel Capital with significant participation from Vulcan Capital. Intel Capital and Vulcan Capital join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR. Sand 9 will use funds to ramp volume production as they go to market and to rapidly expand their product portfolio.