Nantero closes on $15 million Series C

Mar. 9, 2005 — Nantero Inc., a Woburn, Mass., developer of next-generation semiconductor devices using carbon nanotubes, announced the closing of a $15 million third round of investment.

New investor Globespan Capital Partners led the round. Returning existing institutional investors include Charles River Ventures, Draper Fisher Jurvetson, Stata Venture Partners and Harris & Harris Group.

This past year Nantero partnered with LSI Logic Corp. to develop semiconductor process technology which it says will expedite the use of carbon nanotubes in CMOS fabrication. It also joined with BAE Systems to evaluate the potential to develop carbon nanotube-based electronic devices for use in advanced defense and aerospace systems. Brewer Science Inc. also entered into an agreement with Nantero to commercialize CMOS-grade carbon nanotubes to be used in semiconductor fabs by Brewer Science customers.

Along with the investment Nantero announced that Ullas Naik, a managing director with Globespan Capital Partners, has joined its board of directors.


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