Anobit, a Herzliya Pituach, Israel-based provider of innovative solutions to the growing NAND flash memory market, closed a $32m funding round.
This investment was led by Intel Capital, with participation from strategic and existing investors.
As also stated by Prof. Ehud Weinstein, Anobit’s CEO and Chairman, the company intends to use the new capital to accelerate the expansion of its core business operations.
The company’s patented MSP™ (Memory Signal Processing) technology is designed to improve the endurance and thus the cost structure of NAND-based products and systems. Anobit’s products, ranging from flash controllers to enterprise-class solid state drives, are used by NAND flash manufacturers, consumer electronics vendors and storage solution providers.