Kilopass Technology, a US-based provider of computer memory, has raised $8m from a “major consumer electronics licensee”. Charlie Cheng, chief executive of Kilopass, said: “We have worked closely with our 150 licensees across consumer, mobility, analog mixed signal, automotive, and industrial markets to address their embedded NVM [semiconductor logic non-volatile memory] needs.” Kilopass is also backed by venture capital (VC) firms BlueRun Ventures, which spun off from phone maker Nokia in 2005, Pitango Ventures, IGlobe Partners and US Venture Partners. The VC firms invested $7.75m in Kilopass’ extended series C round in September 2006, which a regulatory filing said was increased by $6.5m in mid-2008. The first two rounds raised a reported $22m, according to news provider VentureBeat.
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Kilopass remembers its $8m
Mar 10, 2013 • Global Corporate Venturing
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