Tucson-based company is a team of leading experts in error correction developing disruptive solutions for next-generation flash memories with broader applications in storage and communications
The overwhelming interest in Codelucida across our syndication network is a terrific example of geographically distributed angel groups coming together,” said Wayne Rickard, deal lead and member of Tech Coast Angels and Arizona Tech Investors
Codelucida recently announced the successful closing of a seed round of angel investment led by Tucson-based Desert Angels in syndication with Southern California-based Tech Coast Angels, Phoenix-based Arizona Tech Investors, and other private angel investors. This funding adds to the $750,000 that the company previously received through a Small Business Innovation Research (SBIR) Phase-2 award from the National Science Foundation (NSF) in August of 2015.
Codelucida develops cutting-edge error-correction algorithms, a pivotal technology used in every data storage or communication system, to ensure reliability in the data and prevent any data loss caused by errors introduced in the data. The startup was co-founded by Dr. Shiva Planjery, along with globally recognized error-correction coding experts, Dr. Bane Vasic and Dr. David Declercq. The foundations for Codelucida’s patented technology is based on their years’ of pioneering joint research work at the University of Arizona and the University of Cergy-Pontoise, France.
Codelucida’s initial target is the $25B flash-memory-based storage market. Flash memory is the type of memory medium used in USB sticks, smartphones, tablets, and laptops and data centers in the form of solid state drives (SSDs). The patented technology driven by proprietary machine-learning-type algorithms provides enhanced reliability and performance with significantly reduced silicon footprint and power usage compared to state-of-the-art. The technology is a critical enabler for cheaper and better performing flash memories, as the industry continues to drive down cost and increase storage densities creating a strong need for improved error-correction technology. Codelucida’s technology also has broader applications in other markets such as the optical communications market, and continues to gain traction in the industry.
The funding from the angel investment round in combination with the NSF SBIR Phase-2 award funding will allow the company to further advance its solutions to rapidly meet market needs.
“The overwhelming interest in Codelucida across our syndication network is a terrific example of geographically distributed angel groups coming together,” said Wayne Rickard, deal lead and member of both Tech Coast Angels and Arizona Tech Investors. “The last few years have seen huge advances in machine learning, natural language processing, and…