Codelucida, Regulonix and Post.Bid.Ship have all been backed by UAVenture Capital.
Three US-based spinouts from University of Arizona (UA) have raised $2m on average from UAVenture Capital Fund (UAVC), a venture capital firm focused on the university’s intellectual property, Tucson.com reported today.
The recipients were as disk drive technology developer Codelucida, therapeutic painkiller supplier Regulonix and long-haul delivery marketplace creator Post.Bid.Ship. UAVC did not detail the exact levels of investment in each company.
Codelucida is creating error-correction codes for solid-state drives, which rely on such codes to improve robustness by increasing tolerance to malfunctioning data blocks. The system exploits low-density parity-check decryption, a technology capable of reducing processing latency and energy usage.
Codelucida was co-founded by Bane Vasic, a professor of electrical and computer engineering and mathematics who heads up the university’s Error Correction Coding Laboratory.
Vasic was assisted by Shiva Planjery, a PhD graduate from the university, as well as David Declercq from Graduate School in Electrical Engineering, Computer Science…
