Nanochip lands Intel investment

By Dawn Kawamoto
Staff Writer, CNET News

Related Stories: Start-ups search for hard-drive replacements
July 21, 2004; Microsoft says no to venture investing
May 7, 2004

Nanochip announced on Tuesday that Intel Capital is a lead investor in its third round of venture funding. Intel, along with previous investor JK&B Capital, contributed a total of $10 million toward the company's $15 million round.

Nanochip, based in Fremont, Calif., develops high-capacity MEMS-based storage chips for the consumer electronics market. Nanochip's technology is designed to store tens of gigabytes per chip via nanoprobe array technology.

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