Thursday, May 14, 2009

Zettacore Snags $20 million in Strategic Funding to Expand Internationally

ZettaCore, developer of molecular materials and technology for current and next-generation semiconductor products announced it has raised $21 million in a Series C financing.

The fresh capital will allow the company to bring its technology to market.

New investors Globis Capital Partners, Itochu Technology Ventures, Yasuda Enterprise Development, Epic Ventures, and Panasonic Ventures joined all previous investors: Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Radius Ventures, Oxford Biosciences, Access Ventures, Garrett Capital, and Stanford University.

“ZettaCore's molecular technology has the potential for broad use in the electronics
industry. We were impressed with the technology's ability to further scale system level interconnect, enable high energy/power density storage in electronics and to advance Moore’s law in semiconductor memory, “ said Satoshi Kabasawa, Councilor in the
Technology Strategy Group of the Corporate R&D Strategy Office of Panasonic Corporation.

"This investment in ZettaCore will enable us to grow our business," said Subodh Toprani, ZettaCore chief executive officer. "With the new funds we will be expanding
internationally, creating new product offerings and ramping commercial production of our technology.”

Customers use tech startup, ZettaCore’s chemistry to enable fine line/space and to mitigate skin effect losses in IC substrates and high-speed boards.

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