Nalu Scientific is a leading developer of high-performance application-specific integrated circuits (ASICs) used across a variety of sectors, ranging from environmental sensing to fusion energy research to medical imaging. Under the new agreement, CAEN Technologies will promote, market, sell and distribute Nalu’s microchips and evaluation printed circuit boards in the United States and Canada.
“We are proud of our ability to design, prototype, test, and manufacture a variety of specialized microchips optimized to meet our customers’ mission-critical needs. Partnering with CAEN will now allow us to tap their extensive experience in commercial sales throughout a marketplace they’ve strategically developed over many years,”
— Isar Mostafanezhad, founder and CEO of Nalu Scientific.
“The timing couldn’t be better, as we’ve just opened our new office in New York and started manufacturing products here in the U.S.; We are excited to help Nalu Scientific meet the already strong demand for its technology, and grow their brand and business in North America.”
— Marco Locatelli, COO of CAEN Technologies
The agreement comes after Nalu Scientific was awarded more than $2.6 million in 2021 through seven awards from the U.S. Department of Energy and National Institutes of Health under the Small Business Innovation Research (SBIR) program. Since its founding in 2016, the company has raised more than $12 million.