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Nantero Secures Second Closing of Series D

Company adds major strategic investors

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Nantero, Inc. announced the second closing of its Series D financing round. The second closing included new strategic corporate investors. One of those investors is Schlumberger, the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.

The round also included new Advisory Board member Michael Raam, who was most recently the CEO of SandForce, Inc., the successful SSD controller company, and then vice president and general manager of the Flash Components Division for LSI after LSI acquired SandForce. This latest closing brings the total for Series D to more than $15 million.

“Given my experience with nonvolatile memory, I immediately saw that Nantero’s memory could transform the industry,” said Raam. “This disruptive potential has been validated by the many partners who have chosen to work with Nantero on commercial development.”

“We are pleased to be working with two more world leaders in their markets as we move closer to commercializing NRAM for multiple applications,” Greg Schmergel, co-founder and CEO of Nantero, Inc., added.

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