Proton Digital Systems Secures $2,000,000 Seed Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a6882d03-29f3-44ac-b00c-47412dd8c906&Preview=1 -
Date
2/8/2013 -
Company Name
Proton Digital Systems -
Mailing Address
560 S. Winchester Blvd San Jose, CA 95128 -
Company Description
Proton Digital Systems is driving the revolution of high endurance low cost Flash solutions. Using its patented LDPC-based Flash Read Channel and Controller IP Solutions, Proton is able to dramatically extend the endurance of NAND Flash products versus currently available solutions – all with power requirements 50% less than current market estimates. -
Website
http://www.proton-digital.com -
Transaction Type
Venture Equity -
Transaction Amount
$2,000,000 -
Transaction Round
Seed -
Proceeds Purposes
The round provides capital to support Proton’s continued development and expansion of its cutting-edge flash reliability IP products that address a major market requirement – increasing the endurance and longevity of Flash Memory. -
M&A Terms
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Venture Investor
SKS Capital -
Venture Investor
Undisclosed
