Nanosys Raises “At Least” $25M in Venture Capital Financing

Nanosys, Inc., a Paol Alto, CA-based advanced materials company, has raised $25m in venture capital financing.
The funds comes from Samsung Venture Investment Corporation, which has committed $15m, and existing investors including Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital and Venrock, which have committed at least an additional $10m in total.
In addition, Nanosys and Samsung Electronics Co., Ltd., a global leader in semiconductor, telecommunication, and digital technologies, announced a strategic alliance and licensing arrangement to accelerate the development of commercial applications of nano-architected materials for the electronics and thin film solar markets. With this deal, the two companies will work together to create innovative, cost effective, and higher-efficiency products in the fields of solar, LED, memory, semiconductor, and display.

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