Nanoramic Laboratories, an R&D lab and manufacturer specializing in material solutions based on nano-carbons, closed a Series D $5 million investment round on Thursday.
The round includes strategic investments by ceramics processing manufacturer NGK Spark Plug and electronics components and materials distributor Marubun Corporation, both based in Japan. Each investor contributed $2 million to the round, with the remainder reserved for investments by current shareholders.
The funds, which bring Nanoramic's total funding to date to $40 million, will be used to develop new products, including thermal interface materials, composite electrodes for batteries and ultracapacitors, EMI/RFI shielding materials and a reflowable chip ultracapacitor.
Known as FastCAP Systems until May 2018, Nanoramic produces and sells a variety of products based on nano-carbons, which are known for exceptional electrical and mechanical properties. Specifically, Nanoramic commercializes ultracapacitors, polymer-based composites, thermal interface materials and binderless electrodes for energy storage, among others.
Founded in 2010, the company has 31 team members working in a 17,000+ square foot manufacturing facility in the Seaport's Innovation and Design Building.
"These investments from NGK Spark Plug and Marubun not only allow Nanoramic to continue leading innovation, but they unlock our ability to provide the Asian electronics market with best-in-industry advanced materials and high end ultra-capacitors," said Nanoramic CEO, Eric Kish, in a statement.
