Nanomix raises $16 million Series C

Mar. 7, 2005 — Nanomix Inc., a developer of a line of nanoelectronic detection devices for industrial and biomedical applications, announced the close of a $16 million round of funding.

New investors Harris & Harris Group Inc. and STAR Ventures participated alongside existing investors Alta Partners, Apax Partners, Sevin Rosen Funds and EnerTech Capital Partners.

Nanomix is focused on broad deployment of its Sensation detection technology, based on ultra-sensitive carbon nanotube networks. The sensors are treated with proprietary chemistries resulting in a wide variety of products that are applicable to markets such as environmental monitoring, respiratory diagnostics and bio molecule detection.

David Macdonald, president and CEO, said the new round of funding will accelerate the company’s commercialization of its detection technology and that the company would launch products this year.

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