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Nanosys Funding Round Nets $30 Million

Photonics.com
Apr 2003
PALO ALTO, Calif., April 24 -- Nanosys Inc., a developer of nanotechnology-enabled systems, announced today the first closing of $30 million in a second round of financing. Investors ARCH Venture Partners, CW Group, Polaris Venture Partners, Venrock Associates, Prospect Venture Partners and Alexandria Real Estate Equities also participated in the last financing round; they are joined in this round by CDIB BioScience Ventures, Chiao Tung Bank, China Development Industrial Bank, Harris & Harris, Lux Capital, Quanta Computer and SAIC Venture Capital Corp.

Nanosys President and CEO Larry Bock said the new investment will enhance Nanosys' development and marketing efforts for its portfolio of nanotechnology-enabled products in chemical and biological sensing, photovoltaic and high-performance macroelectronics.

Nanosys' products include nanowires, nanorods, nanotetrapods and nanodots formed from semiconductor materials. Applications include chemical and biological sensors, high-performance large-area macroelectronics and lightweight high-efficiency conformal photovoltaics.

For more information, visit: www.nanosysinc.com



GLOSSARY
nanotechnology
The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
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