ATLANTA, GA. — Jacket Micro Devices, a developer of small, high-performance radio frequency modules, has closed on $12 million in new financing.
Intersouth Partners of Durham led the round and is a new investor.
Also participating in the round were Noro-Moseley Partners, Sevin Rosen Funds and Imlay Investments. All were existing Jacket Micro Devices investors.
The funds will be used for further product development and to ramp up production of the RF modules.
“We believe JMD is strategically positioned to capitalize on the wireless industry’s demand for small, high-performing RF modules,” said John Glushik, a partner at Intersouth. “The company has not only developed a groundbreaking new method to package components for wireless products, but it also has a compelling competitive advantage due to its use of organic materials, which significantly reduces time to market for new products.”
The RF modules are an essential component in wireless devices. JMB has patented technology for high-performance RF circuits.