The funding will allow Palo Alto-based Nanosys to move to a larger manufacturing space to produce its digital display and lighting nanotechnology.
Samsung will also license Nanosys’ technology for thin-film solar panels and fund the development of advanced lighting technology. Nanotechnology can enhance the efficiency and quality of products like light bulbs and plasma TVs.
Samsung’s affiilate, the Samsung Venture Investment Corporation is investing $15 million in equity, and previous investors, including Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital and Venrock, are contributing $10 million.
Nanosys is a nanotechnology company that designs products based on “architected materials,” or materials purpose-engineered for a given manufacturing process. This technology is currently being applied to multiple industries, including LED backlighting, LED general lighting, power (batteries and fuel cells), medical applications, and specialized nano-surface coatings.