Nantero’s new chip could power futuristic laptops, tablets and phones
For the past 14 years, Woburn-based Nantero has been working behind the scenes on a new kind of memory product that’s faster than traditional flash memory typically used in devices that range from smartphones to tablets..
The company on Tuesday said that it closed a $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. The company has now raised $78 million to date.
Nantero, which might seek an IPO at some point in the future, also said that it added two new key advisors to the company, including Stefan Lai, a former Intel senior executive who co-invented the flash memory cell. Also joining Nantero’s advisory board is Yaw Wen Hu, a previous executive vice president and current board member of Taiwan-based Inotera Memories.
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Woburn semiconductor company Nantero gets $32M in funding
Greg Schmergel, Nantero’s co-founder, president and CEO, said the new chip, which relies on carbon nanotubes — tubular cylinders of carbon atoms that are two nanometers in diameter — 50,000 times smaller than the human hair — and stronger than steel. Because the technology moves carbon atoms back and forth, it requires less power than flash or other memory, which rely on electronic transfer. The technology creates a super-fast, ultra-high densityA figure of merit usually expressed in Joules per cubic inch for capacitors memory called NRAM, according to Nantero. Nantero said that it now has 175 U.S. patents issued to date and more than 200 patents pending.