Nanusens, a Spain-based nanotechnology company, has surpassed its £200,000 (US$259,833) initial funding target. The funding round is now nearing £350,000 (US$ 454,739) from more than 400 investors. Just six months ago, the company secured €1 million through its previous Crowdcube round.
Founded in 2014, Nanusens makes smaller sensor chips that are found in mobile phones with a standard manufacturing process widely used in the semiconductor industry, called CMOS. In the next 1-2 years, the company aims to deliver new products that are designed to be lower cost, better performance and reliable, which are key requirements for smartphones and earbuds, reports Crowdfund Insider.
“Nanusens has patent pending technology to solve these challenges. Our competition uses proprietary manufacturing processes, which we believe has limited production capability, higher cost, and uses legacy equipment. This equipment is unable to build submicron feature sizes into the devices, leading to higher cost, bigger size and lower performance. At Nanusens we use an existing standard manufacturing process called CMOS, which is typically used for conventional solid-state chips and therefore do not have any mechanical moving parts inside. By using this process, we benefit from the existing large economy of scale of these fabs, leading to lower cost, smaller size and better performance,” says Nanusens.
The company said its first target is the mobile phone industry and it has added another rapidly growing target, earbuds. “Our first target is the mobile phone industry, which sees around 1.5bn smartphones sold per year. And we have added another rapidly growing target market, earbuds. It is served mainly by the same companies, and requires even smaller chips, which we believe we can do better than anybody else.”
WT | Wearable Technologies Conference in San Francisco on July 9-10
The most innovative wearables event will be back on July 9-10 in beautiful San Francisco at SEMICON West to celebrate the 34th edition of the WT | Wearable Technologies Conference Series. Topics include data analytics in professional sports, prevention, treatment and rehabilitation with wearables, the future of digital health, medication and adherence, smart patches, workflow optimization and workforce safety and much more – featuring international leaders and experts of the wearables industry´s biggest names including Abbott, Autodesk, Datwyler, Kopin, Maxim Integrated, Multek, NFLPA, Omron, SharkDreams, Qualcomm, and many more. Register now to be part of #WTUS19