San Jose, California February 7, 2013 Proton Digital Systems, Inc. (Proton), a leading provider of Flash Memory Reliability IP Solutions, today announced the completion of its $2 million seed round. The round was led by SKS Capital along with other noteworthy Silicon Valley based Angel investors. The round provides capital to support Protons continued development and expansion of its cutting-edge flash reliability IP products that address a major market requirement - increasing the endurance and longevity of Flash Memory.
Proton Digital Systems provides best-in-class LDPC-based Flash Read Channel IP that achieves industry-leading Flash Memory endurance and longevity performance while consuming 50% less power than comparable solutions. Already recognized as a technology leader, Protons IP is currently licensed for enterprise and consumer applications and is generating a steady revenue stream.
We are excited about our investment into Proton Digital Systems and the potential to disrupt the Flash Memory marketplace, said Sanjay Srivastava, General Partner of SKS Capital, LLC. We also believe that Proton has assembled a world-class management team and superior engineering talent to tackle the Flash endurance challenge.
Coming changes in smaller denser flash geometries is driving the need for advanced error-free data-retrieval and flash memory management solutions. Protons LDPC-based Flash Read Channel, which is available today, has already been adopted by some of the worlds largest flash memory companies.
Completing the $2 Million round is validation of our business model, product offering, and market opportunity, said Dr. Andrei Vityaev, CEO, Proton Digital Systems. Having SKS Capital as a lead investor along with other key investors points to a very bright future for Proton.
About Proton Digital
Founded in 2011, Proton Digital Systems provides advanced strategic IP for the Flash Memory market. The company is based in Silicon Valley and has brought together the best and brightest in the fields of mathematics, signal processing, digital design, and high volume manufacturing to deliver its cutting edge suite of IP Products.