NanoNexus was formed in January 1999 to develop "the next generation of high performance, scalable and robust semiconductor connector technologies." In March 2003, NanoNexus secured $14 million in Series C financing led by Rustic Canyon Ventures along with new investors Hunt Ventures, Pacifica Fund and finaVentures, and existing investors Idanta Partners, KT Venture Group, Compass Technology Partners, 2M Technology Investors and Goff Moore Strategic Investors. The company also closed a $1 million equipment lease line with Pentech.
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