Nanosys Raises $25 Million, Lights Up Deal With Samsung

NanosysNanosys announced a $25 million Series E round today, as well as an alliance with Samsung to co-develop thin film solar panels, memory products and display technologies.

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.