Nantero, a Woburn, MA-based nanotechnology company that uses carbon nanotubes in the development of semiconductor devices, has raised $10m in Series D financing.
The round was led by two undisclosed strategic corporate investors, with participation from existing investors Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners and Harris & Harris Group.
The company intends to use the capital to complete development and commercialize its products.
Led by Greg Schmergel, co-founder and CEO, Nantero has already fabricated and currently focuses on the commercial introduction of NRAM™, a high-density nonvolatile random access storage device, which is designed to replace all existing forms of storage, such as DRAM, SRAM and flash memory, with a high-density nonvolatile RAM universal memory. The company recently entered into multiple partnerships with major corporations planning to commercialize NRAM, as well as with Imec, a research institution in nanoelectronics, which is focusing on developing its carbon-nanotube-based memory for high-density memories with a size less than 20nm.