MEMS memory company seeks $10 million, says report

Peter Clarke
(06/27/2005 6:54 AM EDT)
 

  LONDON — Cavendish Kinetics NV, an 11-year-old Dutch startup, which plans to make CMOS-compatible one-time programmable and reprogrammable memories using MEMS technology, is seeking about $10 million in second-round venture capital funding, according to a report within the European Commission's IST website.

Cavendish (Hertogenbosch, The Netherlands), which was spun out of the Cavendish Laboratory of Cambridge University, England in 1994, has been working with the Institut fur Mikroelektronik Stuttgart, in Germany, to build prototype memories and picked up $6.5 million in venture capital funding in 2001. The company also claimed to have signed "leading IDM" and a second-tier foundry as pioneer customers in 2004 (see June 14, 2004 story)

In 2005 the company is looking for money to help it develop its one-time-programmable and multi-programmable electrostatic MEMS relay technology, the report said. Cavendish is a participant in the 4.68 million euro (about $5.7 million) Promenade collaborative research project working alongside Robert Bosch GmbH and IMEC. Cavendish also took part in a Eureka project, the 4.28 million euro (about $5.1 million) "Mems Nanoswitch Integration In Mainstream CMOS Processes, project, which ended on July 9, 2004.

The European Commission report could be found here when this story was first posted.