NVMdurance raises US$800k - targets US$28bn storage market - Start-ups | siliconrepublic.com - Ireland's Technology News Service
Summary
“This investment will support the commercial roll out of our technology,” said Pearse Coyle, NVMdurance CEO. “Using NVMdurance software, the life of the flash is extended by at least 20 times with no impact on manufacturing process or architecture. The endurance improvements we have recently achieved have put us at the head of the pack globally and we are very pleased with the deployments we are now working on.” NVMdurance, a spin-out company from the NDRC, last year raised seed funding of €250,000 from New Venture Partners. Last year, NVMdurance caused something of a stir when it demonstrated 3x nm NAND flash that could achieve a 10-fold endurance gain by optimising parameter values alone. “We are very excited by the progress that NVMdurance has made and are delighted to be following our money in this latest round of funding” said Steve Socolof of New Venture Partners LLC.
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