Vertical Venture, a venture capital firm, and Future Shape, an investment and advisory firm, led a $150m Series C round in Menlo Micro, a technology company, with participation from Fidelity Management & Research Company, DBL Partners, Adage Capital Management, Standard Investments, Paladin Capital Group, Piva Capital, and PeopleFund. “Today’s funding milestone underscores the confidence our investors have in Menlo Micro’s transformative technology to fuel the electrification of everything and modernize the $100bn market for RF communications, power switching and protection devices in the 21st century. It will enable us to expand our manufacturing in the US and accelerate the development of our power roadmap to solve some of the world’s most pressing challenges. We’re positioned to enable the upgrade of the world’s aging power grids, modernize smart buildings and factories, and eliminate many of the inefficiencies in our legacy electrical infrastructure," Russ Garcia, Menlo Micro CEO.