ZettaCore Raises $21 Million

Filed in archive Investing on May 12, 2009

ZettaCore, Inc. yesterday announced that it had raised $21 million in Series C financing from a wide range of investors, including Globis Capital Partners, Itochu Technology Ventures, Yasuda Enterprise Development, Epic Ventures, Panasonic Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Radius Ventures, Oxford Biosciences, Access Ventures, Garrett Capital, and Stanford University.

"ZettaCore is working with molecule-size materials — multi-porphyrin nanostructures — where each molecule can serve as a capacitor, which stores an electrical charge," writes VentureBeat's Dean Takahashi. "While conventional memory chips become more flaky the more you shrink them, these structures remain stable even though they're just a few nanometers, or 100,000 times smaller than a human hair, in length. ZettaCore believes it can make memory chips with the technology."

"We believe that ZettaCore's molecular technology can be an important element in our success," says Dilip Sampath of Panasonic Ventures. "We look forward to working with ZettaCore to find ways to integrate the technology in Panasonic's products."

More here from techrockies ... and the press release is here.