Electronics & Computers

StoreDot Secures $6 million in Financing

August 7, 2013

The company will use the funding to adapt its groundbreaking peptide-based nanotechnology to advance mobile device services.

WEBWIRE -- StoreDot Ltd., a nanotechnology startup company, which has discovered the first bio-organic Nanodots, has announced that it has received $6 million from several strategic and private investors. StoreDot will use the funds to further advance its technology in mobile devices from the prototype stage to commercialization.

"Our innovative nanotechnology, inspired by nature, changes the rules of mobile device capabilities. This investment is important not only as a source of capital, but also as a vote of confidence in our novel approach of utilizing synthesized bio-nanomaterials to shape next-generation devices," said Dr. Doron Myersdorf, CEO of StoreDot.

"Having built our Nanodot core technology, the company's initial focus will be to introduce dramatic improvements in next-generation smartphones and tablets. This funding is a crucial step, enabling us to take our product development efforts to the next level and develop products that will be available for use in 2015."

In 2003 Prof. Ehud Gazit and his team at Tel Aviv University conducted research that revealed nano-structures associated with Alzheimer's disease. Inspired by the presence of these biological structures, further nanoscale research by Prof. Gil Rosenman—one of StoreDot's founders—and the StoreDot team led to the development of StoreDot's novel technology.

Remarkably uniform in size—only 2 nm in diameter, these nanoscale crystals consist of chemically synthesized bio-organic peptide molecules. Furthermore, the breakthrough technology in StoreDot Nanodots is that they demonstrate diverse physical and electrochemical properties at nanoscale, including visible luminescence, showing red, green, and blue colors that enhance new-generation display technology.

While other nanodot and quantum-dot technologies currently in use are metal or arsenic-based, and therefore toxic, StoreDot Nanodots are biocompatible and superior to all previous discoveries in this field.

Manufacturing Nanodots is relatively inexpensive as they originate naturally and use a basic biological mechanism of self-assembly. They can be made from a vast range of bio-organic raw materials readily available and environmentally friendly.

StoreDot develops batteries and displays for smartphones and tablets, designed to replace current technology with more efficient power consumption and better color vividness. StoreDot batteries will be charged much faster than current batteries, and will withstand thousands of charge/discharge cycles, prolonging battery life expectancy considerably. Furthermore, StoreDot paper-thin displays can be designed to be flexible and transparent.

Other nanodot-based prototypes in StoreDot's plan include flash memory storage that is substantially faster and camera image sensors that are much more sensitive to light.

StoreDot technology has the potential to disrupt such industries as mobile displays, energy storage, memory storage, semiconductors, imaging and bio-medical sensors, food bio-labeling, and more.

About StoreDot
StoreDot Ltd. is a privately owned nanotechnology startup, incorporated in Israel in 2012, which develops technologies that apply bio-organic nanodots to mobile displays and energy storage devices. StoreDot seeks strategic partners to further advance its nanotechnology in the fields of memory storage, batteries, supercapacitors, biomedicine, low-k materials, and image sensing. The company consists of a strong technological team of renowned physicists, chemists, biochemists, and device engineering experts: CEO and founder Dr. Doron Myersdorf, previously Senior Director at SanDisk's Solid State Drive Division; CTO Prof. Simon Litsyn, inventor of novel algorithmic methods for control of flash memories, which enabled essential increase in storage density, and previously Chief Scientist of Future Technologies at SanDisk; and Chief Scientist Prof. Gil Rosenman, a nanotechnology and physics expert. For further information, please contact info@store-dot.com.

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