Nantero, a Woburn, Mass.-based developer of carbon nanotube electronics, closed a $31.5m Series E financing round.
Backers included Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, and Harris & Harris Group.
The company intends to use the funds to further develop its solutions and expand operations.
Led by Greg Schmergel, Co-Founder, President and CEO, Nantero has developed a new generation of memory called NRAM™ (non-volatile random access memory) that can enable a variety of new features and products in both consumer and enterprise electronics. Its memory can replace both DRAM and flash in a single chip, or enable new applications as a storage class memory, while also delivering low power, high speed and endurance needed to drive the next wave of electronics innovation in a wide range of markets such as consumer electronics, mobile computing, wearables, Internet of Things, enterprise storage, government/military, space, and automotive.
Nantero’s NRAM has already been installed in multiple production fabs and is currently being designed into innovative new electronic products.