Israeli start-up Nano-Or closed, 25 employees fired

The company previously raised $7.5 million from Jerusalem Global Ventures and STI Ventures.

Israeli start-up Nano-Or Technologies has closed down, and its employees have been laid off. Founded in 2000, Nano-Or had 25 employees in its offices in Lod and Santa Clara, California. Since its founding, Nano-Or has raised $7.5 million in two rounds from a number of investors, including Jerusalem Global Ventures' CommLaunch fund and STI Ventures, which has its headquarters in Amsterdam and a branch in Israel. STI manages $50 million raised from Benjamin (Benny) Steinmetz, Comverse Investments, Softbank Europe, and other investors.

Nano-Or CEO David Banitt was the founder of Exite Electro Optical and Tidex Systems.

Nano-Or developed a 3D microscopic system for semiconductor research and manufacturing. Nano-Or’s products were designed for use by laboratories, research centers, optical components manufacturers, and semiconductor manufacturers. The company’s products were based on a unique 3D camera technology capable of measuring objects at a resolutions and accuracy of nanometers. Investors in Nano-Or’s are now trying to find a buyer for the company’s intellectual property.

Nano-Or’s most prominent contract was with the US National Aeronautics and Space Administration (NASA).

Published by Globes [online] - - on June 1, 2005

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס Capital  Markets Conference 2017