Menlo Micro raised $150 million in Series C led by Vertical Venture Partners and Tony Fadell’s Future Shape where 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 also participated.
Menlo Micro is a technology company based in Irvine, California that uses advances in material science to create Microelectromechanical system switches. The funds will allow the company to expand its manufacturing in the United States and to accelerate the development of its power roadmap to address challenges. Menlo Micro stated that the funding will be used to expand the company's domestic manufacturing and supply chain for the Ideal Switch, a device that combines the benefits of a mechanical relay and a semiconductor switch and is 'tiny, fast, reliable, withstands extreme temperatures, is ultra-low loss, and can handle 1,000 Watts.' It is also made with standard semiconductor equipment.