Nanochip, a storage start-up hoards up new cash


Nanochip, a Fremont, Calif. company that developing storage chips for consumer electronics devices, got around $20-million in Series B funding from JK&B Capital, with New Enterprise Associates, Microsoft, and AKN Technology also chipping in. The company is developing very high capacity removable storage chip products based upon the design of Micro-Electro-Mechanical Systems (MEMS). The Nanochip devices attain extremely high densities and capacity by writing, reading, and erasing data on the chip storage media at nanometer dimensions. The company will use the funds to bring its storage chips, which can store more than 1 gigabyte of data, to production next year.

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