Arctic Sand, a developer of energy-efficient conversion technology, raised $6. 6 million in a round of venture capital, according to a new filing by the company to the Securities and Exchange Commission. Four separate investors participated in the bid
Arctic Sand is revolutionizing power conversion and saving millions of dollars for electricity data centers at no cost. The co-founders Nadia Shalaby (CEO) and David Giuliano (CTO) met in a class at the MIT Sloan School of Management.
Arctic Sand commercializes energy conversion technologies to reduce energy consumption and enable broad-based technology to reach the consumer and industrial sectors. Efficient power conversion can bring value to a wide range of markets for power conversion products, such as increased battery life in mobile devices, increased power generation from solar cells, extended driving range of electric and hybrid vehicles, reduced standby losses in consumer electronics and reduced electricity costs in data centers.
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