Founded back in 2001, and most well known for being pioneers in semiconductors and nanotechnology, Nantero is making the headlines again as they secure $21 million for their next big venture. The nanotech company has set out to develop a new type of computer memory that’s stronger than steel but less dense than aluminum.
In the fifteen years Nantero has been in operation, it’s managed to secure $110 million in funding. With this new round of funding the team at the nanotech company is looking to get their lead product, NRAM (non-volatile random-access memory), out to a host of new customers including Fujitsu Semiconductor and Mie Fujitsu Semiconductor as well as introduce other products into the market too. Much of the new funding came from Globespan Capital Partners, with some anonymous new and existing investors too. Some of the company’s previous investors include Harris & Harris Group, Draper Fisher Jurvetson, and CRV.
This new type of technology is all set to replace flash memory and dynamic random-access memory (DRAM). It’s got better storage capabilities and better density and speed than anything that’s currently on the market, and sales are expected to take off quite quickly. The chips have much better thermal and electrical conductivity properties than any other material as are made using carbon nanotubes. Greg Schmergel, co-founder and CEO of Nantero said, “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.”
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