Nanosys Raises $50 Million For Growth Financing

- Advertisement -

Nanosys Inc, based out of Milpitas, California, the United States recently announced that they have raised an amount of over $50 million in B series funding of equity and debt financing. The initial conclusion of this round mainly includes new investors funds usually managed by the affiliates of Fortress Investment Group, Centerbridge Partners and Kilonova Capital.

This recent B series funding finance round is Nanosys’ largest round to this date. This series B funding will support the continuation of the expansion of QDEF and xQDEF quantum dot tech for LCDs, which will also drive the commercialisation of the Nanosys microLED platform as well as research and development of next-generation nano-LEDs.

“This is a major milestone for Nanosys, adding capital and resources needed to enable us to expand our development of industry-leading innovative technologies, including quantum dots, micro-LEDs and nano-LEDs, which will be rapid growth drivers for 2023 and beyond,” said Jason Hartlove, president and CEO of Nanosys. “We are pleased to partner with Fortress, Centerbridge and Kilonova. The commitment from these respected institutions provides strong validation of our business model, team, intellectual property and market opportunity.”

- Advertisement -

“Nanosys has built an exceptional business powered by proven, innovative technologies protected by strong intellectual property,” said James Palmer, managing director of the IP Finance Group at Fortress. “We are excited to provide a capital solution that positions Nanosys for significant growth in the years ahead.”

“Jason and the Nanosys team are poised to drive excellent performance and exciting innovation in the display industry,” said Shanshan Cao, senior managing director at Centerbridge. “We look forward to our partnership and supporting the Company in the next stage of its growth.”

Wes Goldstein, a founder and partner at Kilonova Capital added, “We have developed significant conviction that quantum dot enabled LCD displays will experience strong growth over the next several years and look forward to partnering with Nanosys.”


 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Mumbai Hosts a Major Automation Event

0
The commercial capital of India, Mumbai, among other things, hosted the Automation Expo-2022, the 15th India International Trade Show. From 17-19th August, its over...
Syngenta

TIDCO To Set Up Center For Testing Strategic Electronics

0
Tamil Nadu Industrial Development Corporation (TIDCO) is planning to set up an integrated complex testing center on 10 acres of land in Vallam Vadagal...

Solar Cooling Startup Koolboks Raises $2.5 million

0
The France-based and Africa-focused sustainable cooling company, Koolboks has raised $2.5 million in the seed round. It aims to scale solar refrigeration across geographies,...

Exclusive

Mumbai Hosts a Major Automation Event

0
The commercial capital of India, Mumbai, among other things, hosted the Automation Expo-2022, the 15th India International Trade Show. From 17-19th August, its over...

Solar Cooling Startup Koolboks Raises $2.5 million

0
The France-based and Africa-focused sustainable cooling company, Koolboks has raised $2.5 million in the seed round. It aims to scale solar refrigeration across geographies,...

Government Planning On PLI For Electronics Components

0
The government is working on finalizing a long-term roadmap with the right incentive structure to attract more global supply chains to relocate to India. The...

Important Sectors

Mumbai Hosts a Major Automation Event

0
The commercial capital of India, Mumbai, among other things, hosted the Automation Expo-2022, the 15th India International Trade Show. From 17-19th August, its over...
Syngenta

TIDCO To Set Up Center For Testing Strategic Electronics

0
Tamil Nadu Industrial Development Corporation (TIDCO) is planning to set up an integrated complex testing center on 10 acres of land in Vallam Vadagal...

Solar Cooling Startup Koolboks Raises $2.5 million

0
The France-based and Africa-focused sustainable cooling company, Koolboks has raised $2.5 million in the seed round. It aims to scale solar refrigeration across geographies,...

Government Planning On PLI For Electronics Components

0
The government is working on finalizing a long-term roadmap with the right incentive structure to attract more global supply chains to relocate to India. The...

Autonomous Flight Company Daedalean Now in Phoenix

0
Daedalean, a self-flying aviation vehicles startup recently announced the opening of its office in Phoenix, Arizona. It is the first American branch of this...

Manufacturing

I-Day Gift: Ola Electric Car in 2024!

0
Ola Electric, at an event on Monday, announced the launch of their first electric car by 2024. Though not much has been revealed about...

Indian Chip Industry to Cross $300 billion by 2026

0
As India gradually strides toward becoming Aatmanirbhar, a new report on the chip component industry avouch for this growth. The report of India Electronics...
EV

Volkswagen Testing ŠKODA EVs in India

0
German auto giant Volkswagen has begun to test some ŠKODA EVs in India. As per a senior official of the company, the step aims...

Mahindra To Launch Unveiled e-SUVs in 2024

0
On Monday, Indian auto-giant Mahindra & Mahindra (M&M) unveiled its five new electric sports utility vehicles (e-SUVs) --- XUV.e8, XUV.e9, BE.05, BE.07 and BE.09,...

US Aiming to Regain its Semiconductor Leadership

0
Semiconductors are now finding a rightful place in all areas such as national security, information technology, aerospace, and so forth. What is sad is...