Shocking Technologies develops a patented Voltage Switchable Dielectric™ (VSD™) polymer nano‑composite, XStatic™, designed to protect electronic products from electrostatic discharge. The material can be applied to PCB and package substrates and targets handheld, cell phone, LCD display, memory and other markets. The company said it will use the new funding to drive and meet global demand for its VSD solution. Shocking Technologies is based in San Jose, CA, was founded in 2006, and is led by President and CEO Lex Kosowsky. The firm has raised over $60M in capital to date and continues to commercialize its ESD protection technology globally. Shocking Technologies produces a Voltage Switchable Dielectric (VSD) implemented through its XStatic™ polymer nano-composite, which acts as an insulator during normal operation and becomes conductive above a threshold to protect circuits from ESD. The material is embedded in printed circuit boards to shield systems from harmful electrostatic discharge events. The company raised $15.2M in funding and intends to use the proceeds to build capacity and infrastructure. It has expanded its production facility in San Jose to increase manufacturing capability. Founded in 2006 and led by President and CEO Lex Kosowsky, the company focuses on commercial deployment of its ESD-protection solution. Headquarters and production expansion are in San Jose, California. Shocking Technologies is a San Jose, CA-based manufacturer of embedded ESD solutions focused on Voltage Switchable Dielectric (VSD™) polymer nano-composite materials that protect electronic components from electrostatic discharge. The company develops VSD™ materials as its core product. It raised an additional $5.2M in its B-1 funding round, completing the round at $13.2M. The round included participation from existing institutional shareholders Arch Ventures, ATA Ventures, Balch Hill Capital, Vista Ventures and SkyLake Incuvest & Co. of Korea. Proceeds will be used to increase production capacity and to hire new professionals. Management plans to increase staff by 33% over the next several months and by over 50% for the year.

Total raised

$31M

Funding rounds

3

Latest round

Equity

Latest activity

May 2012