Nanomix Secures $9 Million Series B FundingSeptember 16, 2002 by Jeff Shepard
Nanomix Inc. (Emeryville, CA), a nanotechnology company developing components for electronics, sensor applications and energy storage, announced the close of a $9.0 million Series B financing round led by Apax Partners and Sevin Rosen Funds. Additional participants in the round include EnerTech Capital Partners as well as Series A investors Alta Partners and some of the previous individual shareholders.
The funding close follows several major company achievements, including the first large-scale integration of nanotube electronics on a 4in silicon wafer, and lab-scale prototyping of a high-density hydrogen storage system. Nanomix is also developing high-density hydrogen storage alternatives for the emerging fuel cell industry that will use nano-materials for automotive and portable electronic applications.