Nano-C Completes $11.5 Million Funding Round

Nanostructured carbon developer Nano-C, Inc. closed a $11.5 million round of funding, with a final tranche of $3 million in the form of an equity investment from Ray Stata, co-founder and current chairman of Analog Devices.

Building on technology conceived at Massachusetts Institute of Technology, Nano-C’s family of nanostructured carbon materials and chemicals includes carbon nanotubes, spherical forms of carbon known as fullerenes and functionalized materials for energy and electronics applications.