HomeUSACodelucida Closes Seed Funding Round

Codelucida Closes Seed Funding Round


Codelucida, a Tucson, AZ-based developer of technology correct errors in algorithms, closed a seed round of funding of undisclosed amount.

The round, which adds to a $750k that the company received through a Small Business Innovation Research (SBIR) Phase-2 award from the National Science Foundation (NSF) in August of 2015, was led by Tucson-based Desert Angels in syndication with Southern California-based Tech Coast Angels, Phoenix-based Arizona Tech Investors, and other private angel investors.

The funding will allow the company to further advance its solutions.

Co-founded by Dr. Shiva Planjery, along with globally recognized error-correction coding experts, Dr. Bane Vasic and Dr. David Declercq, Codelucida develops error-correction technologies for next-generation storage and communications with initial focus on the flash-memory-based storage applications.