Menlo Micro lands $44 million series B funding for revolutionary Ideal Switch
Funds will help produce millions of Ideal Switch units in 2021
Menlo Micro has been working on its Ideal Switch for 12 years. As Ideal Switch production kicks off, Menlo Micro announced it’s secured $44 million in series B funding. 40 North Ventures led the funding round, but Piva, Paladin Capital Group, Vertical Venture Partners and Tony Fadell's Future Shape played a role. The money will help Menlo Micro ramp-up Ideal Switch mass production in 2021.
"This round of financing will enable us to significantly accelerate our product development and the scaling of our production lines. It is an incredible validation that our investors are standing behind our truly disruptive technology and our team at a time of so much uncertainty around the world," said Russ Garcia, CEO of Menlo Micro.
The Ideal Switch represents a significant breakthrough in electronics, as it eliminates many of the issues current solid-state switches create. The Ideal Switch combines key benefits of solid-state and electromechanical technologies to provide users at least a 99% reduction in key system-level metrics, including performance, size, weight, power consumption and cost.
Menlo Micro is targeting the new wave of 5G communications products with Ideal Switch, as it should allow for smooth 5G band support while reducing the weight-load on cell towers by replacing current bulky mechanical equipment.
Cellphone users could notice marked performance improvements, like better coverage, faster data, improved battery life and fewer dropped calls. Medical, aerospace and defense industries could also benefit from the Ideal Switch launch.
"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," said Tony Fadell, founder of Nest and principal at Future Shape.