Nantero takes funding above $110 million

December 08, 2016 // By Peter Clarke
Nantero Inc. (Woburn, Mass.), a private company developing a carbon nanotube (CNT) based non-volatile memory, has raised more than $21 million in a funding round to help it accelerate customers bringing products to market.

This takes the total raised by the company since its founding in 2001 above $110 million, the company said. Globespan Capital Partners and also included participation from both new and existing strategic and financial investors.

Nantero claims to have more than dozen partners and customer across the consumer electronics, computing and semiconductor industries working on its CNT-based nonvolatile random access memory (NRAM) for which it is employing a licensing business model. Nantero said the funding would enable the company to support these partners in bringing multiple products to market and to enable new customers to begin development.

The only publicly-known licensees are fabless chip company Fujitsu Semiconductor and foundry Mie Fujitsu Semiconductor (see Fujitsu is licensee of Nantero's carbon-nanotube RAM).

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