News
 

Bookmark and Share

(0) 

Anobit announced this week that it has closed a new funding round of $32 million, raising the total funding of the company to over $70 million. This new investment round was led by Intel Capital and includes new funding from strategic investors and Anobit’s current investors.

Based in Herzeliya Pituach, Israel, Anobit is a provider of NAND flash-based solutions. Its patented MSP (Memory Signal Processing) technology significantly improves the endurance of multi-level cell (MLC) NAND flash to up to 50 thousand write cycles per bit and thus the cost structure of flash-based products and systems. Anobit’s products, ranging from flash controllers to enterprise-class solid state drives, are designed for leading NAND flash manufacturers, consumer electronics vendors and storage solution providers.

“Anobit is well positioned to help change the economics of the NAND-based technology landscape with a critical enabling technology for a new generation of performance and memory-intensive computing systems,” said Uri Arazy, director of Intel Capital in Israel.

The company will use the funding to expand its core business operations to meet surging demand for its technology and products.

“This funding will help accelerate the expansion of Anobit’s core business operations and enable the company to meet surging demand for its technology and products, used today by world leading NAND flash manufacturers, consumer electronics vendors and storage solution providers," said Prof. Ehud Weinstein, Anobit’s chief executive officer and chairman.

Tags: Intel, Anobit, NAND, Flash, Business

Discussion

Comments currently: 0

Add your Comment




Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month