eureka, a company that researches DNA-based studies, has received a 5 million investment for further research on their next project. As you know DNA data is going to be so valuable in the upcoming years.
That’s where Bio memory comes in. Bio memory is a cutting-edge DNA-based data storage technology that can store massive amounts of data in a single drop of water. And with eureKARE’s support, they are now one step closer to making this technology a reality.
eureka is a leading European venture capital firm specializing in early-stage investments. And they have just led a EUR 5 million seed investment round in Bio memory. This is their first investment in the field of DNA-based data storage and it signals eureka’s belief in the potential of this technology.
As they received this funding, now they will speedily work on the technology which they are willing to take to the market.
This is an important step forward for the company and the future of DNA-based data storage.
Bio memory is a French startup that is developing a new way to store digital data using DNA. If we talk about the company, was founded in 2016 by two students of the University of Paris named Xavier Levy and Nicolas Morineau.
Both were pursuing Ph.D. from this college and ended up to this. The technology works by encoding digital data into DNA strands, which can then be stored for long periods without degradation.
The company is currently working on developing a prototype device that can store up to 1 petabyte (1 million gigabytes) of data. The eureka team is excited to be part of this cutting-edge project and looks forward to seeing the technology develop further.
Bio memory has developed a cutting-edge DNA-based data storage system that can store vast amounts of data for long periods without degradation.
The system is based on the natural process of DNA replication, which allows for error-free copying of information over generations. The technology used by the company is more reliable and revolutionary in the field of data storage with long-lasting ones.
Which can be helpful for financial & medical cases. The funding will be used to support Biomemory’s continued R&D efforts and to commercialize the technology. eureka is excited to be supporting such a promising young company and looks forward to seeing its progress in the years to come.
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