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Nantero – Profile

March 10, 2005

nantero.gif
HQ: Woburn, MA.
Founded: 2001
Management: President & CEO is Greg Schmergel. He was most recently an SVP for About.com. Curiously, he has no chip or nanotech industry experience. Co-founder is Dr. Thomas Rueckes – he brings the scientific cred. Rueckes completed his PhD at Harvard University in the Department of Chemistry and invented the company’s core technology.
Investors: Raised $15MM Series B from Charles River Ventures, Draper Fisher Jurvetson, Stata Venture Partners, Harris & Harris Group. This brings total investment to $31.5MM, according to company press releases.
Business Model: Nanotechnology company using carbon nanotubes for the development of next-generation semiconductor devices. Devices include memory, logic, and other semiconductor products. Core technology is called NRAM™, a high-density nonvolatile Random Access Memory. The company’s objective is to deliver a product that will replace all existing forms of memory, such as DRAM, SRAM and flash memory, with NRAM™. LSI Logic and aerospace company BAE Systems have licensed the technology.
Competitors: ZettaCore
Dirt: The fact that CEO Greg Schmergel is NOT a chip geek may actually benefit Nantero. If nanotech companies have to be good at anything, it’s selling a long-term vision. Schmergel’s background as a corporate strategist and consultant presumably qualifies him to tell the VCs a compelling story. They seem to be listening. The commercialization of nanotech applications is a holy grail for inventors and investors alike.

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2 Comments leave one →
  1. June 20, 2006 10:51 pm

    Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.

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