Nano-Meta Technologies, a spin-out of Purdue University, has secured $1m in series A funding to develop nanoparticles that could be used to increase hard drive storage and fight cancer.

The spin-out received the funding last month from the Quantum Wave (QWave) Fund, a venture firm specialising in early-stage quantum technologies. Quantum also made simultaneous investments in Duke University spin-out Centice and Estonia-based startup Clifton, totalling $7m.

Nano-Meta will use the funding to further develop its nanoparticle technology and metamaterials. Utilising…

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