Codelucida Closes a Syndicated Angel Investment Round Led by Desert Angels

Codelucida Closes a Syndicated Angel Investment Round Led by Desert Angels

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Codelucida Announces Closing of a Syndicated Angel Investment Round Led by Desert Angels

Tucson-based company is a team of leading experts in error correction developing disruptive solutions for next-generation flash memories with broader applications in storage and communications

The overwhelming interest in Codelucida across our syndication network is a terrific example of geographically distributed angel groups coming together,” said Wayne Rickard, deal lead and member of Tech Coast Angels and Arizona Tech Investors

Codelucida recently announced the successful closing of a seed round of angel investment 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. This funding adds to the $750,000 that the company previously received through a Small Business Innovation Research (SBIR) Phase-2 award from the National Science Foundation (NSF) in August of 2015.

Codelucida develops cutting-edge error-correction algorithms, a pivotal technology used in every data storage or communication system, to ensure reliability in the data and prevent any data loss…


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