Proton Completes $2 Million Funding Round

Proton Digital Systems, Inc., provider of flash memory reliability IP solutions, has completed $2 million seed round.

The round was led by SKS Capital, LLC along with other Silicon Valley based Angel investors.

It provides capital to support 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 provides LDPC-based flash read channel IP that achieves flash memory endurance and longevity performance while consuming 50% less power than comparable solutions. IP is currently licensed for enterprise and consumer 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. "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. Proton’s LDPC-based flash read channel, which is available, has been adopted by some of the world’s 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. "Having SKS Capital as a lead investor along with other key investors points to a very bright future for Proton."

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In LDPC-based flash read channel and controller IP solutions