Business

Nanotechnology company Nantero secures $10m funding round

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Nantero Inc., a Woburn nanotechnology company, announced the closing of an over $10 million Series D financing round.

The round was led by two new strategic corporate investors currently engaged in strategic development and partnerships with Nantero, the company said in a press release. The round also includes existing investors such as Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners, and Harris & Harris Group.

Nantero said it is using carbon nanotubes for the development of next-generation semiconductor products. Nantero’s main focus is the commercial introduction of NRAM –a high-density nonvolatile random access storage device. According to the company, NRAM will ultimately replace all existing forms of storage, such as DRAM, SRAM, and flash memory, with a high-density nonvolatile RAM – ‘universal memory.’

Chris Reidy can be reached at reidy@globe.com.
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