Over the last 30 months, the company has completed the transfer and qualification of its Ideal Switch manufacturing process, moving from a 4-inch research fab to a new 8-inch high-volume manufacturing line, allowing it to ramp production for its initial products, while significantly increasing capacity. The qualification of its manufacturing line, says the company, means it will be able to cost-effectively scale up production to over 100,000 units per month by the end of 2020 and millions per month in 2021.
The latest funding round was led by 40 North Ventures alongside San Francisco-based Piva, leading global investor Paladin Capital Group, Vertical Venture Partners, and Tony Fadell's Future Shape.
Tony Fadell, Founder of Nest and Principal at Future Shape adds, "For 40+ years, the industry has been searching for a switch that has the perfect combination of the electromechanical relay and the silicon transistor. Menlo Micro's Ideal Switch is a tiny, efficient, reliable micro-mechanical switch with unmatched RF performance and, counterintuitively, high-power handling of 1,000s of watts. As our world moves to the electrification and wireless of everything, Menlo Micro's deep innovation is already triggering massive cross-industry upheaval."
This round brings Menlo Micro to $78 million in total funding to date. Menlo Micro is also backed by Corning and Microsemi.
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