Nantero raises $31.5M in Series E

What does Nantero do?

Nantero, is a nanotechnology company which uses carbon nanotubes for developing semiconductor devices, including logic devices and memory. it develops semiconductor devices including logic, memory and other semiconductor products. Its core technology is called NRAMâ„¢, which is a high density nonvolatile Random Access Memory. The company’s objective is delivering a product which replaces all the existing memory forms such as flash memory, DRAM and SRAM, with NRAMâ„¢.  This technology has been licenced by LSI Logic and BAE Systems, an aerospcace company.

How much Nantero was funded?

Nantero raised $31.5M in Series E funding on June 2^nd, 2015 from CRV, Globespan Capital Partners, Draper Fisher Jurvetson (DFJ) and Joseph N. Sanberg.

Previous funding

$6M in Series A on October 1, 2001 from Stata Venture Partners and Draper Fisher Jurvetson (DFJ)

$10.5M in Series B on September 1, 2003 from Draper Fisher Jurvetson (DFJ), CRV and Stata Venture Partners

$15M in Series C on March 1, 2005 from Globespan Capital Partners, Draper Fisher Jurvetson (DFJ), Stata Venture Partners and CRV

$10M in Series D on November 28, 2012 from Pomeroy Capital, LLC, Globespan Capital Partners, Joseph N. Sanberg, Stata Venture Partners, CRV, Harris & Harris Group and other angel investors.

What is next for Nantero?

The latest investment in the company was a substantially oversubscribed round which highlights the company’s ongoing success in delivering a new gen of super fast, high density memory NRAM- non volatile random access memory, which enables many exciting new features and products in enterprise and customer electronics.

NRAM has been installed in multiple production fabs and is currently being designed into innovative electronic products which need more storage, less power consumption, high speed, endurance and reliability. The company plans to use the latest funding for continuing the acceleration of NRAM as the leading next gen memory for storage class memory and to replace DRAM and flash.

More about Nantero

Nantero was founded in 2010 by Brent M. Segal, Greg Schmergel and Thomas Rueckes. It has its headquarters in Woburn, MA