US-based Shocking Technologies has raised $15.2m in series C funding from the US-based electronics manufacturing company Littlelfuse, as well as venture capital (VC) firms Arch Ventures, ATA Ventures and investment firms Balch Hill Capital and Skylake Incuvest.
Littelfuse’s involvement is relatively new, though the above firms have all invested in previous rounds, as has VC firm Vista Ventures. Shocking closed its B-1 round at $13.2m in April 2010, following a previous $10m series B influx in August 2009. Shocking’s series A round raised $7m in April 2007.
Shocking is planning to invest the capital in expanding capacity and infrastructure for its Voltage Switchable Dielectric (VSD) device. The VSD is designed to protect electronic components from electrostatic discharge.
Lex Kosowsky, president of Shocking Technologies, said: "As our solution matures and we prepare for greater market adoption, we are pleased to have a strategic investor such as Littelfuse behind us to provide valuable input on how we bring our technology to customers. Their backing will provide us with additional strength and momentum in penetrating high growth consumer markets and applications."