Irvine, California based Menlo Microsystems, also known as Menlo Micro, has secured $150 Mn in Series C funding. The funding round was led by 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.
Including the latest funding, Menlo Micro has so far raised over $225 million in capital.
Menlo Micro will use the funding to expand the company’s domestic manufacturing and supply chain for their invention Ideal Switch and mass- produce it for the electrical industries.
Russ Garcia, Menlo Micro, CEO, said that the funding milestone underscores the confidence the investors have in Menlo Micro’s transformative technology to fuel the electrification of everything and modernize the $100+ billion market for RF communications, power switching and protection devices in the 21st century.