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

“The addition of Luis and Bart to our board of directors will help us as we shift development emphasis to our embedded non-volatile re-programmable Nanomech-based memory which will provide the broadest application markets for Cavendish,” said Mike Beunder, chief executive officer of Cavendish Kinetics, in a statement. “There are growing demands in automotive, microcontroller and analog/mixed-signal applications, for an ultra-low power and very robust form of CMOS compatible embedded non-volatile memory,” he added.

“We came to the conclusion that Cavendish Kinetics has extraordinary technology and is poised to become a leading company in the embedded NVM space,” said Luis Arzubi of Tallwood Venture Capital, in the same statement.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved