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Fremont, CA, United States

Nanochip | Date: 2000-08-04

Electronic mass storage devices.

Nanochip | Date: 2015-07-16

Radio frequency identification (RFID) tags.

Crawled News Article
Site: blogs.wsj.com

Nanochip Inc., a maker of memory circuits, shut its doors in May and is looking for a buyer for its intellectual property, company founder and Chief Executive Gordon Knight told VentureWire. Fremont, Calif.-based Nanochip had raised $47.4 million in venture capital from investors including JK&B Capital, Intel Capital and Merrill Lynch. New Enterprise Associates also held a stake, but the firm had not invested in Nanochip since the company’s 2004 Series B round. Early in September, the company set out to raise the $70 million it would need to finish development of its initial chips and bring them into production. On the advice of its investment banker, it gave up in October and shortly after began dismissing employees while it searched for a buyer, Knight said. Nanochip has had interested buyers for its intellectual property but hasn’t had a buyer yet. Its other assets have already been sold. “No matter what, you’ll need $70 million to take [Nanochip's technology] into production,” he said. That’s a large hurdle considering established chip companies have not been very active buyers lately and venture investors only put $327 million in chip deals in the first half of this year – not even half the amount for the same time last year, according to VentureSource, a research unit of Dow Jones & Co. Nanochip’s technology is an alternative to NAND flash memory. The company had a goal of building memory chips that are 15 times as dense as flash and better functioning, Knight said. “Every generation of flash is getting less reliable and adding more excess capacity to hide that” flash has issues when it is frequently rewritten, he said. The company’s memory chips are built with atomic force probe tips that write, read and record bits of storage onto a medium. This technique is not dependent on lithography and can therefore reach smaller domains, down to 10nm and 20nm. The company had met its milestones and kept its promises to its investors, said Knight, who still sees great potential in the technology. “This would go way beyond where flash [memory] would go,” he said. Below is a list of other venture capital-backed companies in alphabetical order that have gone belly up this year, as reported by VentureWire. If you know of any other such companies that have closed their doors this year, please send us a tip at vcdispatch@dowjones.com. Allux Medical Inc., Menlo Park, Calif. - For the past four years, it had been developing devices for treating upper airway and dermatological inflammatory diseases. But the company shut down after raising at least $13 million from Prospect Venture Partners, Three Arch Partners and Venrock, according to our records. Argolyn Bioscience Inc., Durham, N.C. – The peptide drug developer has filed for Chapter 7 bankruptcy after preclinical studies did not show convincing enough data to move its lead pain drug forward. Argolyn received a $15.8 million commitment in Series A-1 funding in June 2007, a round that was voted Deal of the Year by industry group Southeast BIO. Intersouth Partners and Quaker BioVentures led the round, joined by Amgen Ventures. Aspen Medtech Inc., Bellevue, Wash. – Unable to secure enough funds to continue operations, venture-backed medical device incubator Aspen Medtech Inc. shut down. Aspen Medtech was founded in mid-2007 with $1 million in funding from Prospect Venture Partners and Three Arch Partners. Autonomic Networks Inc., Mountain View, Calif. - The company decided to shut its doors after failing to secure a new round of venture capital. Formerly known as Vernier Networks, the company started out in 2001 as a provider of network access control products that use computer equipment to manage the people and programs that have access to corporate networks. Under the new name the company made equipment that enables organizations to remain compliant with network security protocols. Investors included Allegis Capital, DCM, Foundation Capital, Masthead Venture Partners, Utah Ventures (now UV Partners), Venrock and Weber Capital. BrightScale Inc., Sunnyvale, Calif. – The maker of chips used for video processing shut down after it “came to the end of [its] rope,” according to its main invesor, Adams Capital Management. In 2003, Adams Capital joined individual backers to invest $6.2 million in BrightScale, formerly known as Connex Technology. Cogentus Pharmaceuticals Inc., Menlo Park, Calif. - The pharma filed for Chapter 7 bankruptcy after raising more than $80 million, including a $62.5 million round just over a year ago, from investors such as Apothecary Capital, Keffi Group, Prospect Venture Partners, Pinnacle Ventures and Ridgeback Capital. Cogent intended to conduct Phase III trials for a pill designed to provide protective cardiovascular benefits while reducing gastrointestinal side effects associated with anti-platelet therapy. Coghead Inc., Redwood City, Calif. - With dwindling financial resources and an outstanding loan from Western Technology Investment, the Web application company shut down its operations and sold its intellectual property to one of its investors, SAP AG.  American Capital Strategies Ltd. and El Dorado Ventures had also invested in Coghead. Cswitch Inc., Santa Clara, Calif. – The maker of communications semiconductors failed to raise enough funding to bring its chips into production and abandoned an effort to sell the company, so it shut down. Cswitch raised $41 million over two rounds from investors including ATA Ventures, Bay Partners, Charles River Ventures, GF Private Equity Group, Harris & Harris Group, Masters Capital, Micron Ventures and Mitsubishi UFJ Capital Co. DiObex Inc., San Francisco – Its venture backers – which include Domain Associates, Inventages Venture Capital, FirstMark Capital, Sofinnova Ventures and others -  cut the company’s headcount to zero and planned to sell DiObex’s asset, a diabetes drug, after failing to raise capital on acceptable terms. Dynogen Pharmaceuticals Inc., Waltham, Mass. - A planned merger with a special purpose acquisition company sputtered last year, and its lead drug candidate later failed in clinical trials, leading to a Chapter 7 bankruptcy. Dynogen raised about $67 million from a group that included Atlas Venture, Abingworth Management, HealthCare Ventures, Oxford Bioscience Partners, Pappas Ventures and SV Life Sciences Elephant Pharmacy Inc., Berkeley, Calif. - “Burdened with obligations” too big for the company to carry on, the operator of health and wellness stores shut its doors and is liquidating under Chapter 7 bankruptcy. The company had raised at least $49 million from Tudor Investment’s Rapter Global fund, JPMorgan Chase’s Bay Area Equity Fund., CVS Corp., David Hadley of D.F. Hadley & Co., and Arthur Rubinfield, former executive vice president of Starbucks Corp. Hammerhead Systems Inc., Mountain View, Calif. – Big customers, a top-flight engineering staff and $110 million in venture backing was not enough to save Hammerhead, a data-switching company that closed its doors. The company filed for Chapter 7 bankruptcy in May. Investors included Apex Venture Partners, Enterprise Partners Venture Capital, Foundation Capital, Lighthouse Capital Partners, Mayfield Fund, FirstMark Capital and Silver Creek Ventures. Innovative Spinal Technologies Inc., Mansfield, Mass. - The spinal-surgery device maker reportedly shut its doors and filed for bankruptcy after seven years in operation. It had raised nearly $75 million in funding from investors including GE Healthcare, JPMorgan Partners, MPM Capital, OrbiMed Advisors and Oxford Finance. Kadoink Inc., San Francisco – After failing to secure a second round of financing,  the provider of a mobile content delivery and advertising platform discontinued its service. It raised a $7 million Series A round in November 2007 from Sutter Hill Ventures and angel investors.  It also had a $2 million loan from Hercules Technology Growth Capital. MetaRAM Inc., San Jose - Boasting some high-profile executives and investors, the semiconductor company shut down in July. MetaRAM raised at least $8 million from investors including Kleiner Perkins Caufield & Byers, Intel Capital, Khosla Ventures and Storm Ventures. NebuAd Inc., Redwood City, Calif. – The online behavorial tracking start-up, which drew Congressional scrutiny over its privacy policy, revealed in court filings that it is shutting down. The shutdown is a blow to Menlo Ventures and Sierra Ventures, which bet more than $30 million on NebuAd. Nevis Networks Inc., Mountain View, Calif. – The company, which made a range of products that protect local-area networks (LANs) from unauthorized users, filed for Chapter 7 bankruptcy. Nevis had 165 employees in its heyday, and more than $32 million in backing from some of the venture industry’s top firms: BlueRun Ventures, New Enterprise Associates and NewPath Ventures. nTag Interactive Corp., Boston - After seven years of trying to modernize the corporate conference industry with digital name tags that can communicate with each other wirelessly, nTag filed for Chapter 7 bankruptcy. Pilot House Ventures and Sevin Rosen Funds had invested more than $20 million in the company starting in 2004. OmniSonics Medical Technologies Inc., Wilmington, Mass. – The developer of an ultrasound technology that breaks up blood clots filed to liquidate under Chapter 7 bankruptcy in March. Its investors included Domain Associates, General Electric Pension Trust, Nomura Phase4 Ventures and Prism VentureWorks. Ortega InfoSystems Inc., Fremont, Calif. - The security software company filed for Chapter 7 bankruptcy. Previous investors included Harbinger Venture Management and Sycamore Ventures. Pegasus Biologics Inc., St. Paul, Minn. – In May, the company ceased operations after unsuccessful fund-raising efforts and went into a sealed bid auction process for its assets. In July, it agreed to sell the assets to Synovis Life Science Technologies Inc. for $12.1 million in cash. The purchase price is less than the roughly $38 million in equity and debt raised by Pegasus. Previous investors in the company included Affinity Capital Management, Frazier Healthcare Ventures, Life Science Angels, Onset Ventures and Three Arch Partners. SafePage Corp., Menlo Park, Calif. - Backed by Canaan Partners and founded in early 2008, SafePage was looking to build a “secure personal portal” that would give people quick access to their private Web sites. It went straight from stealth mode to the start-up graveyard. Silicon Navigator Corp., Cupertino, Calif. – Venture investors decided to pull the plug on this company, founded in 2003 as a provider of electronic design automation software for chipmakers. Investors included Cadence Design Systems Inc., Intel Capital and ITU Ventures. Sotto Wireless Inc., Bellevue, Wash. – The stealthy wireless service provider, whose executives and investors are linked to pioneering telecom company McCaw Cellular Communications Inc., failed to make enough traction and shut down operations. It raised roughly $14 million from Ignition Partners and VantagePoint Venture Partners. TallyGenicom LP, Chantilly, Va. - Printing products company Printronix Inc. tapped its owner Vector Capital for about $10 million in additional equity as part of a deal to buy competitor TallyGenicom assets out of bankruptcy. TallyGenicom, which was backed by Arsenal Capital Partners and founded in 2003, filed for Chapter 11 in Delaware. TeachFirst Inc., Seattle - After a promising beginning, the educational training company fell on hard times and filed for Chapter 7 bankruptcy, effectively putting an end to an eight-year-old company backed by several small funds and angel investors. TeeBeeDee Inc., San Francisco - The social networking Web site for people over age 40 went dark in July after the company to failed to find a suitable business model. Monitor Ventures and Shasta Ventures had invested $4.8 million in Series A financing. Trusera Inc., Seattle - The operator of a health Web site that had teetered on the brink of closure since March, tipped over the edge in May. Trusera was backed with $2 million in funding from investors including Benaroya Capital; Erik Blachford, former CEO of Expedia Inc.; Christopher Ackerley, partner at Ackerley Partners; Kim Rachmeler, vice president at Amazon.com Inc.; and Craig Tall, vice chair of corporate development at Washington Mutual Inc. Ugobe Inc., Eagle, Idaho – The maker of the Pleo robotic dinosaur – a lifelike, interactive toy that drew generous media coverage and many fans - filed for Chapter 7 bankruptcy in April.  Ugobe’s investors included First Round Capital, Frontier Management Group, Hyield Venture Capital, and Maxima Capital. Ultreo Inc., Redmond, Wash. - The company, which made a battery-powered toothbrush that used ultrasound waveguide and sonic bristles, has shut down after failing to find an interested investor or buyer. Ultreo raised a total of $28.1 million in venture capital, including an $11.3 million round in May 2007, VentureWire records show. Its venture investors included Polaris Venture Partners. Verified Pass Identity Inc., New York - The provider of faster airport security lines for approved travelers, which did business as Clear, has closed its doors less than a year after raising $44.4 million in venture capital. Spark Capital led a $44 million Series F in the company last summer. Prior to that, the company had raised $38.7 million. Its other investors include Baker Capital, GE Security, Lehman Brothers, Lockheed Martin, Syncom Venture Partners and Steven Brill, the company’s founder and former chief executive. Yoomba Inc., Menlo Park, Calif. - The latest VoIP technology maker to shut down. Yoomba, originally from Israel, was backed by Global Catalyst Partners and U.S. Venture Partners.

Spicer D.,Micralyne Inc. | Lai K.,Micralyne Inc. | Kornelsen K.,Micralyne Inc. | A.Brennan,Micralyne Inc. | And 6 more authors.
Microelectronics International

Purpose - The purpose of this paper is to characterize pressure non-uniformity in a wafer-to-wafer bond chamber using pressure sensitive paper. Design/methodology/approach -Pressure non-uniformity in a wafer-to-wafer bond chamber is characterized using pressure sensitive paper. The effect of poor pressure uniformity is discussed, and the non-uniformity corrected for use in a eutectic Au/Sn based wafer-to-wafer bond. Findings - Several types of under solder metallization were also investigated, with Nb/Au seed metal providing the best overall result with good solder compression, liquid proof seal and minimal solder spill-out. Solder compression versus pressure applied was studied to achieve an excellent gap control (2-3μm) between the bonded substrates. Originality/value - This papershows that characterization of applied pressure measured directly at the substrate is an important aspect in the development of high yielding bond processes. © Emerald Group Publishing Limited. Source

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