Menlo Microsystems (Menlo Micro) has raised USD150 million in a Series C round, bringing the company’s total cumulative funding to over USD225 million.
Vertical Venture Partners and Tony Fadell’s Future Shape led the round with participation from new investors Fidelity Management & Research Company, DBL Partners and Adage Capital Management along with existing investors, Standard Investments, Paladin Capital Group, Piva Capital, and PeopleFund.
Menlo Micro will use the funding to expand the company’s domestic manufacturing and supply chain for the Ideal Switch, the most disruptive technological innovation in the electronics industry since the advent of the transistor.
