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Friday, 17 Nov 2017

Nantero closes US$31 million series E funding round

The company intends to use the funding to accelerate NRAM as the next–generation memory for storage class memory and as a replacement for flash and DRAM

2 Jun 2015 | Editor

Nantero has announced it has closed a US$31.5 million series E financing round, which included new investors and participation from existing investors Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, and Harris & Harris Group.

Nantero is focused on delivering a new generation of super-fast, ultra-high density memory called NRAM (non-volatile random access memory) that can enable a variety of exciting new features and products in both consumer and enterprise electronics.

In brief Natero's memory offers

  • NRAM Advantages: Extremely Low Power, Super-Fast, High Density, High Endurance
  • Limitless Scalability: Can Scale Below 5 nm to Enable Terabits of Memory in the Future
  • Proven Technology: Successfully Used in Mass Production CMOS Fabs for Many Years
  • Exciting Future Products: Virtual Screens, Next-Generation Enterprise Systems, Rolled-up Tablets, Instant-On Laptops, 3D Video Phones and other products needing huge amounts of fast memory

The company intends to use its new funding to continue the acceleration of NRAM as the leading next–generation memory for both storage class memory and as a replacement for flash and DRAM.

Nantero’s NRAM has already been installed in multiple production fabs and is currently being designed into innovative new electronic products that require increased storage, low power consumption, high speed, reliability, and high endurance.

Greg Schmergel, Co-Founder, President and CEO of Nantero, said, "With Nantero’s NRAM, the wait for a new generation of super-fast, high-density non-volatile memory is over." Greg added, "Our technology is already under development today in multiple world-class manufacturing facilities and we have more than a dozen major corporate partners actively working on NRAM. We are excited to begin the next phase of commercialization which will bring Nantero’s NRAM into volume production and change the course of electronics innovation for decades to come."

www.nantero.com   


About Nantero

As the world leader in carbon nanotube electronics, Nantero has developed a new generation of memory called NRA (non-volatile random access memory) that can enable a variety of exciting new features and products in both consumer and enterprise electronics. This new super-fast, ultra-high density memory can replace both DRAM and flash in a single chip, or enable new applications as a storage class memory, while also delivering the low power, high speed, reliability, and endurance needed to drive the next wave of electronics innovation.

Source: Nantero


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