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Nantero, Inc. Announces $10.5MM in Funding
Monday September 8, 9:02 am ET
Developing Nanotube-Based Nonvolatile RAM Technology for
Licensing
WOBURN, Mass., Sept. 8 /PRNewswire/ -- Nantero, Inc., a company that is currently
developing NRAM(TM), a high-density nonvolatile random access memory chip using
nanotechnology, announced today that it received its second round of investment. The new lead
investor was Charles River Ventures (www.crv.com), a firm with over 30 years of experience in
high technology. Returning existing institutional investors include Draper Fisher Jurvetson,
based in Redwood City, California, along with Stata Venture Partners and
Harris & Harris Group
(Nasdaq: TINY - News). Bruce Sachs and Bill Tai, both Partners at Charles River Ventures,
have joined Nantero's Board of Directors.
Nantero's NRAM(TM) will replace all existing forms of memory, such as DRAM, SRAM and
flash memory, with a high-speed high-density nonvolatile RAM -- 'universal memory.'
NRAM(TM) can simultaneously achieve speeds competitive with SRAM, densities competitive
with DRAM, and also offer the nonvolatility of flash with lower power consumption and unlimited
endurance.
The company will offer for license a complete package to enable manufacturers to produce,
market, and sell NRAM(TM) for both standalone and embedded memory applications. This
technology transfer package will include a process module and the associated process
knowledge, intellectual property rights, and the necessary nanotube materials.
Recently Nantero has created multiple prototype devices, including an array of ten billion
suspended nanotube junctions on a single silicon wafer. Nantero's design for NRAM involves
the use of suspended nanotube junctions as memory bits, with the "up" position representing
bit zero and the "down" position representing bit one. Bits are switched between states through
the application of electrical fields. The wafer was produced using only standard semiconductor
processes, maximizing compatibility with existing semiconductor factories. Bruce Sachs, a
partner with Charles River Ventures in the Waltham office, noted that, "Nantero has achieved
impressive milestones over the last two years, especially in demonstrating compatibility of its
manufacturing process with industry standards."
Bill Tai, a partner in the Silicon Valley office of Charles River Ventures said,
"Universal memory
has been a dream for the semiconductor industry for decades-we feel that Nantero's innovative
approach using carbon nanotubes and a nanoelectromechanical design can make that dream a
reality in the near term." Greg Schmergel, Nantero's co-founder and CEO, commented, "We are pleased to have
completed this round of funding and to have Bruce Sachs and Bill Tai joining us as we move
into the next phase of development for NRAM(TM)."
About Nantero, Inc.
Nantero is currently developing NRAM(TM) -- a high-density nonvolatile random access memory
chip using nanotechnology. NRAM(TM) will replace all existing forms of memory, such as
DRAM, SRAM and flash memory, with a high-density nonvolatile RAM -- 'universal memory.'
The potential applications for the nonvolatile RAM Nantero is developing add up to over $100B
in revenue potential, including the ability to enable instant-on computers and to replace flash
memory in devices such as MP3 players, digital cameras, and PDAs, as well as applications
in the networking arena. For more information on Nantero, Inc. please visit
www.nantero.com 
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