Nanochip raises $4.8M more for Flash memory chips

April 12, 2007 | Matt Marshall

Nanochip, a Fremont, Ca. maker of Flash memory chips used in storage devices such as USB flash drives, has raised a $4.8 million in an appendage to the company’s third round of funding started last year.

It’s products are known as NAND chips (see more here for definition). VentureWire reported the news this morning (sub required).

Both Intel Capital and JK&B Capital, which particated in the third round last year, participated this time. Nanochip said it plans to raise $5 million more. From VentureWire:

The fabless semiconductor company is developing a technique for making NAND flash memory chips that, unlike all other chips of that type, is not dependant on lithography. Nanochip’s technology will be able to make chips with a 10nm to 20nm domain size, compared to the 70nm NAND chips that are currently offered by Samsung Electronics Co. and Toshiba Corp., the market leaders, Knight said. Nanochip’s smaller product will be able to hold more memory on the same amount of space.

Nanochip has been working away for more than a decade, has now absorbed $38 million in capital, and says it will release its product sometime in late 2009.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.