JVP invests $1m in US company NanoTectonica
This is the first time that an Israeli fund has invested in nanotechnology. The financing round was led by the world’s leading venture capital fund, Kleiner, Perkins, Caufield & Byers
This is also the first time Kleiner, Perkins, Caufield & Byers has cooperated with an Israeli fund. Kleiner, Perkins, Caufield & Byers invested in Zaffire, set up by Near Margalit. That investment was made in cooperation with US communications company MRVC, whose controlling shareholders are Israelis
The partner who led the investment for Kleiner, Perkins, Caufield & Byers is Vinod Khosla, whom “Forbes” has named as the world’s best venture capital investor.
NanoTectonica is developing a technology that is supposed to revolutionize the printing of active circuits. Unlike costly and time-consuming conventional processes, NanoTectonica’s technology will enable fast printing, without the need for photolithography or etching.
Launching a modern chip fab requires an initial investment of at least $4 million. The cost of using NanoTectonica’s proprietary printing method is considerably lower.
NanoTectonica’s founders and its basic technology come from MIT’s Media Labs. The company’s management includes executives with extensive backgrounds in the electronics and semiconductors industries.
JVP would not comment on the report.
Published by Israel's Business Arena on 19 December, 2001
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