June 14, 2007 — Reactive NanoTechnologies, Inc. (RNT), developer and manufacturer of its patented NanoFoil, announced it has secured $14.3M in a Series C round of financing led by Siemens Venture Capital and existing investor, Sevin Rosen Funds.
NanoFoil, a reactive nano-layered material that precisely controls the instantaneous release of heat energy for joining and reaction initiation applications, enables rapid joining of similar and dissimilar materials without incurring thermal damage. The company will use the funds to expand global sales, marketing and distribution, and for ongoing applications engineering and development.