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Home > News > InPhase Technologies Closes $32.1 Million Third Round of Funding

May 25th, 2005

InPhase Technologies Closes $32.1 Million Third Round of Funding

Abstract:
InPhase Technologies, the leader in holographic data storage drive and media development, today announced that it has closed a $32.1 million third round of funding. Bayer MaterialScience AG, a market and technology leader in developing polymers for optical data storage, represents both a new strategic investor and development partner for InPhase. Nanotech Partners Ltd., another new investor, is a leading venture capital firm sponsored by Mitsubishi Corporation which focuses on emerging nanotechnology at the global level. New Venture Partners LLC and existing investors Hitachi Maxell Ltd., ALPS Information Technology Fund LP, Yasuda Enterprise Development Co., and Japan Asia Investment Co. continued their strong financial support of InPhase in its Series C round.

Source:
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