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Denver: ZettaCore, a developer of molecular materials and technology for current and next-generation semiconductor products, has raised $21 million in a series C financing that will allow the company to bring its technology to market. In the funding, new investors Globis Capital Partners, Itochu Technology Ventures, Yasuda Enterprise Development, Epic Ventures, and Panasonic Ventures joined all previous investors including 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. The technology is able to further scale system level interconnect, enable high energy or 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.
"The investments from Panasonic Ventures as well as the other Japanese investors are a endorsement of the value of ZettaCore's technology," said Steve Jurvetson of Draper Fisher Jurvetson, an investor in the company from its founding.
"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," he added.
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