Vendredi 12 Mai @ VIPress.netCavendish Kinetics raised $15.5 million dollars.
LONDON — Cavendish Kinetics NV, a 12 year-old company developing CMOS-compatible one-time programmable and reprogrammable memories using MEMS technology, has closed its second round of venture capital funding at $15.5 million dollars.
The money is set to be used to continue the development of Cavendish Kinetics’ Nanomech technology and expand its market presence among IDMs, foundries and fabless semiconductor companies, the company said.
The round was led by Tallwood Venture Capital (Palo Alto, Calif.) and Wellington Partners (Munich, Germany). First round investors Celtic House Venture Partners, Clarium Holdings Ltd., Torteval Investments Ltd. and a private investor are all taking part in the second round. Luis Arzubi from Tallwood Venture Capital and Bart Markus from Wellington Partners are joining the Cavendish board.
Cavendish (Hertogenbosch, The Netherlands), which was spun out of the Cavendish Laboratory of Cambridge University, England in 1994 by Professor Charles Smith, has developed micromechanical memory elements, miniature relays, that it claims can be integrated into CMOS, or any other process technology. Cavendish been working with the Institut fur Mikroelektronik Stuttgart, in Germany, to build prototype memories and picked up $6.5 million in venture capital funding in 2001
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