Nanocoolers Shutting Down

Courtesy AustinStartup  Thu, 12/06/2007 - 8:47am

Usually at Austin Startup we get to write about exciting developments such as new financings or exit events.  But, today we have to report on the decidedly more difficult aspect of being an entrepreneur: shutting down a company.  Nanocoolers, which was attempting to develop semiconductor technology-based cooling for processors, electronic systems and enclosures, has announced it is shutting down.  Founded in 2002, the Company had raised more than $24 million in venture financing, but was unable to close their next...


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