Tuesday, August 10, 2010

Nanosys Lands $25M From Samsung, Others

Palo Alto-based Nanosys, a firm developing advanced materials, said today that it has scored $25M in equity from strategic investor Samsung Electronics, along with it existing investors. Nanosys said that Samsung will invest $15M in the firm via Samsung Venture Investment Corporation, with its existing investors Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital and Venrock contributing at least $10M to the round. Nanosys said that Samsung Electronics will co-develop products using its technologies, which are focused on nano-architected materials. More information »