Shocking Technologies raises $4M venture debt for surge protection
Shocking Technologies is a San Jose, Calif. company that has developed a dielectric material that can be printed onto circuit boards and semiconductors to protect them from electrostatic discharges.
Electronic devices have historically been vulnerable to unexpected electrical discharges. The company says its thin polymer could be installed in devices like mobile phones and computers.
The $4 million venture debt financing was provided by Hercules Technology Growth Capital (NASDAQ: HTGC), a publicly-traded investment vehicle. Shocking Technologies previously took $7 million in venture capital from Arch Venture Partners and ATA Ventures.
Next Story: Spendview draws $2M for personal finance tool
Previous Story: Yellowstone Capital opening new $50M cleantech fund
About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.