Oxantium adds RF Nano to its investment portfolio

August 14, 2008Oxantium Ventures closed a B Series funding round with RF Nano Corporation , a developer of radio frequency devices from carbon nanotubes. Dr. Richard Wirt, a managing director at Oxantium, joins RF Nano’s Board. Oxantium led the $8 million investment, which is syndicated with a southern California based venture capital firm.
RF Nano, based in Orange County, CA, is commercializing the application of carbon-based nanotube technology to RF devices . The result is high power density, discrete and embedded devices targeted at the $60 billion analog and mixed signal communications markets. These devices will improve the performance of military and aerospace systems as well as wireless and data processing products.
Dr. Newton Howard, Oxantium venture’s managing director commented on the investment, “With power densities 100 times greater than silicon and 20 times greater than gallium arsenide, intrinsic cutoff frequencies in the terahertz, inexpensive growth, and the ability to integrate with CMOS, we believe that RF Nano has the potential to radically extend current analog and mixed signal capabilities and open up entirely new product areas in the electronics industry that to date have been limited by the performance and cost of traditional silicon and GaAs solutions.”
RF Nano’s nanotube process technology was developed at the University of California, Irvine by Professor Peter Burke , the company’s co-founder and chief technology officer. The company is targeting the sampling of its first products for the first quarter of 2009.


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