SAN JOSE, Calif.--(BUSINESS WIRE)--Shocking Technologies, Inc. a privately held company developing Voltage Switchable Dielectric^TM (VSD^TM) materials used for electrostatic discharge protection of cell phones, LED’s, semiconductors, and electronics, today announced it has raised $10M in the second round of funding led by Vista Ventures. Other participating investors include ARCH Venture Partners, ATA Ventures, Balch Hill Partners and private investors. Shocking Technologies is pleased to welcome Simon Michael, from Balch Hill Partners, as the newest member to the board of directors.

“Shocking’s embedded nano-composite technology solves a problem that has been plaguing the electronics industry for years. It will make design at both the system and chip level considerably easier and more effective,” said Jim Hogan of Vista Ventures.

“We have been very fortunate that we’ve identified a huge problem and have been able to develop our unique patented solution,” said Lex Kosowsky, president and chief executive officer at Shocking Technologies. “The funding will allow us to build out our manufacturing infrastructure and continue our development as we work with our customers to bring our initial products, cell phones and flash drives to market in the coming months.”

About Shocking Technologies, Inc.

Shocking Technologies, Inc. is a privately held, venture-backed company developing “Voltage Switchable Dielectric^TM material is a polymer nano-composite that behaves like an insulator (dielectric) during normal circuit operation and becomes conductive when the voltage across the VSD^TM material increases beyond a predefined threshold voltage. After the voltage drops below the threshold again, it switches back to an insulator. This unique property, coupled with the ability to tailor the response of the material, opens up several new areas in electronics. The first application being introduced enables embedded electrostatic discharge (ESD) protection in printed circuit boards (PCBs) and semiconductor packages. Subsequent applications will usher in new manufacturing processes as well as novel product designs. More information regarding the Company is available at www.shockingtech.com.

About Our Venture Capitalists

Vista is a closely held venture fund aimed at building and supporting great companies while providing exceptional returns for their investors.

ATA Ventures is a venture capital firm that seeks out unique IT companies that create superior technologies and solutions for very large market applications. With over $430 million of capital under management, ATA Ventures focuses on providing early stage financing to these companies. ATA’s investors include major foundations, fund of funds, pension funds, and endowments.

ARCH Venture Partners, one of the largest early stage technology venture firms in the U.S. with more than $1.5 billion under management, invests in the development of seed and early stage advanced technology companies that have the potential to grow rapidly into successful businesses. ARCH enjoys special recognition as a leader in the successful commercialization of technologies developed at academic research institutions, corporate research labs and national laboratories.

© 2008 Shocking Technologies, Inc. All rights reserved. Shocking Technologies, the Shocking Technologies logo, VSD and XStatic are either registered trademarks or trademarks of Shocking Technologies, Inc. in the United States and/or other countries. Other names used may be trademarks of their respective owners.