NanoH2O raises $15 Million in second round funding
Printer Print Email Email
Los Angeles: California based NanoH2O, a developer of next generation reverse osmosis membranes for desalination and water reuse has announced that it has secured $15 million in its second round funding from Oak Investment Partners and Khosla Ventures. The funding will be devoted to commercializing the company's Thin-Film Nanocomposite (TFN) seawater reverse osmosis membrane product and expanding its research and development activities. In addition, Brian Hinman, Venture Partner at Oak Investment Partners, has joined NanoH2O's Board of Directors. "This round of funding allows us to quickly take our next generation technology to market and ultimately make desalinated water more affordable and readily available," Jeff Green, Founder and Chief Executive Officer, NanoH2O. NanoH2O's TFN technology significantly decreases the required energy or increases the productivity of the desalination process. By improving membrane permeability, maintaining requisite salt and contaminant rejection, and increasing fouling resistance, NanoH2O is positioned to affect the key cost drivers for desalinating water- energy consumption, capital expenditures and chemical consumption. Having demonstrated a 100 percent increase in membrane permeability beyond existing seawater reverse osmosis membranes coupled with enhanced fouling resistance, NanoH2O is poised to deliver a stepchange in desalination economics.

siliconindia