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CNT based memory developer raises another $21million

Memory developer Nantero, which is developing devices based on carbon nanotubes, has closed another funding round, which has raised more than $21million. According to the company, it now has more than 12 partners and customers in the consumer electronics, enterprise systems and semiconductor industries.

“The customer traction we’ve achieved at Nantero has been overwhelming, as evidenced by our recent announcement that NRAM had been selected by both Fujitsu and Mie Fujitsu Semiconductor,” said Greg Schmergel, CEO. “With this additional funding, we will be able to help these existing customers speed their time to market while also supporting the many other companies that have approached us about using Nantero NRAM in their next generation products.”

This financing round brings the total invested in Nantero to date to more than $110m.

Author
Graham Pitcher

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