The 20 tech start-ups to watch in 2015
NVMdurance is number 2 in Silicon Republics 20 tech start-ups to watch in 2015.
2 – NVMdurance
NVMdurance is a Dublin-based flash optimisation technology company that intends to disrupt the entire US$28bn storage market.
The company’s technology extends the life of solid state flash storage disks by more than 20 times by extending the endurance of the flash memory on 1x nm chips.
NVMdurance, a spin-out company from the NDRC, last year raised seed funding of €250,000 from New Venture Partners. This was followed up this year by a further US$800,000 from original investors New Venture Partners, the NDRC, and new investors ACT Venture Capital and Enterprise Ireland.
“NVMdurance is about non-volatile memory endurance,” said founder Pearse Coyle.
“Flash memory is becoming the dominant medium for non-volatile storage, ie, the stuff that keeps your data when you switch off the computer, but after a certain number of reads and writes flash memory simply wears out.
“This so-called ‘endurance’ problem dogs the flash memory business and is retarding its growth, particularly its efforts to have solid state disks (SSDs) fully replace hard disk drives (HDDs).
“We make flash memory last at least 20 times longer – longer than anyone else in the world can.”
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