Nantero Secures more than $30mm in Funding

WOBURN, Mass. — Feb 4, 2015 – Nantero, Inc., the nanotechnology company developing next-generation memory using carbon nanotubes, today announced the closing of an over $30 million Series E financing round. The round was substantially oversubscribed and included both venture and strategic corporate investors. Among the participants in the round were Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, and Harris & Harris Group. Nantero is now actively working in partnerships with over a dozen major corporations in various areas of the semiconductor and electronics industries.

“This round demonstrates the active and sustained commitment of Nantero’s investors, which is based on its measurable progress with a large number of customers,” said Bruce Sachs, General Partner, Charles River Ventures. “Nantero is actively developing multiple high-value products with heavily engaged customers.”

Dr. Thomas Rueckes, co-founder and CTO of Nantero, Inc., added, “This round is helping us expand our efforts to support our many customers and has allowed us to add a number of memory industry veterans to our world-class technical team.”

About Nantero

Nantero is a nanotechnology company using carbon nanotubes for the development of next-generation semiconductor products. Nantero’s main focus is the commercial introduction of NRAM™ –a high-density high-speed nonvolatile random access storage device. The applications for the nonvolatile RAM Nantero is developing include smartphones, tablets, enterprise systems, notebook and desktop computers, as well as applications in the industrial arena including areas requiring high reliability under adverse conditions such as heat or radiation. NRAM™ can be manufactured for both standalone and embedded memory applications. Nantero is also working with licensees on the development of additional applications of Nantero’s core nanotube-based technology. For more information on Nantero, Inc. please visit www.nantero.comor email info@nantero.com

Source: http://www.design-reuse.com/news/36485/nantero-secures-more-than-30mm-in-funding.html

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