Tuesday, January 22, 2008

Nanochip Pulls In $14M

Fremont-based Nanochip said this morning that it has completed a $14M financing round for its advanced, micro-electro-mechanical systems-based data storage chips. The round came from Intel Capital and JK&B Capital, the firm's existing investors, along with an undisclosed investment firm. According to Nanochip, the funding will allow it to complete development of its prototypes and to support design verification testing and sampling of its chips. Nanochip is developing MEMs-based chips targeted at very high storage capacity density. More information »