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Home > News > Nanochip to make more memories with $20 million more

March 8th, 2004

Nanochip to make more memories with $20 million more

Abstract:
Armed with new investment, Nanochip Inc. expects to make a memorable impact on the removable storage market. The Oakland, Calif., firm today received $20 million from a syndicate of institutional and industry investors, including Microsoft Corp. That is about $5 million more than the company sought during its second funding round. I think the reason we got so much is that a lot of people wanted to invest. It definitely exceeded our expectations, Gordon Knight, Nanochip's chief executive.

Source:
SmallTimes

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