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Posted: July 14, 2008
Sand 9 Secures $8 Million in Series A Funding
(Nanowerk News) Sand 9, Inc., a start-up company developing advanced nano-mechanical resonator technology for the wireless device market, today announced it has completed an $8 million Series A round of financing led by new investor Flybridge Capital Partners.
The company will use the funding to accelerate product development efforts and expand its engineering team.
As part of the funding, David Aronoff, a General Partner with Flybridge Capital Partners, will join the company's Board of Directors. David joins Hemant Taneja, a General Partner at General Catalyst Partners, who led the $2 million Seed funding in May 2007 along with Khosla Ventures.
Sand 9 is dedicated to the design of components that will dramatically improve the performance and increase the capabilities of electronic devices. The company's disruptive proprietary technology offers significant improvement over the existing technologies currently available. Sand 9 is founded by technical leaders in the component industry including technical founder, Dr. Raj Mohanty; Vice President of Engineering, Juergen Schoepf; and co-founder, Matt Crowley.
"Wireless devices today are limited by their size, cost and lack of integration," said Raj Mohanty, technical founder and professor of physics at Boston University, Sand 9, Inc. "Using our advanced nano-mechanical resonators which were originally developed with the support of NSF funding programs, we will eliminate these limitations. We are thrilled to have the support of leading venture funds Flybridge Capital Partners, General Catalyst and Khosla Ventures. The funding will enable us to expand our engineering team and fuel business development efforts as we continue development work on our product offerings."
"We believe Sand 9 is a game changing opportunity," said David Aronoff. "The company is led by a world-class team with the technical ability, passion and drive we look for in entrepreneurs. This, in combination with their innovative technology and a huge market opportunity, position the company well to successfully introduce new, market defining products."
About Sand 9
Founded in 2006 and based in Boston, MA, Sand 9 is a venture funded startup company, dedicated to the design of components that will dramatically increase the capabilities of electronic devices. For more information, visit www.sand9.com
About Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on investing in consumer, healthcare and information technology markets and is led by a team with domain expertise and more than half a century of combined experience in venture capital. For more information, visit www.flybridge.com.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst is headquartered in Cambridge, Mass. For more information, please visit: www.generalcatalyst.com.
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies. Vinod Khosla was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Vinod Khosla founded the firm in 2004 and was joined by partners David Weiden and Samir Kaul, as well as chief scientific officer Doug Cameron in 2006. Khosla Ventures is based in Menlo Park, California.