RT #MEMS startup Sand 9 awarded $12 million in funding

Micro-electro-mechanical systems (MEMS) startup gets the cash infusion it needs to ramp up production capacity. Look for Sand 9 to announce a family of high-precision MEMS oscillators by the end of 2010. R.C.J.


Here's what EETimes says: MEMS oscillator developer Sand 9 Inc. will unveil a new product later this year after landing $12 million in Series B financing. Boston-based Sand 9 said the round was led by new investor Commonwealth Capital Ventures (Waltham, Mass.) The funds will be used to ramp production capacity as well as beefing up sales and marketing. Seed funding totaling $10.7 million from Flybridge Capital Partners, General Catalyst Partners and Khosla Ventures was spent on technology development. Sand 9 will be the first MEMS oscillator maker to crack the high-precision, temperature-compensated oscillator market, which should enable it to particate in market for 3G/4G handsets, GPS navigators and Wi-Fi-based devices. Together, those markets could generate over 1 billion units.
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