What does Atlas Data Storage do?
Atlas Data Storage is a South San Francisco-based technology company that builds end-to-end DNA data storage solutions. By integrating novel semiconductor chip technology with advanced enzyme engineering, the company develops scalable and low-cost storage products designed for enterprise and government data centers in the AI era.
How much did they raise?
The company raised $155M in a Seed round, attracting lead investors such as ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry, and In-Q-Tel. The funding round also involved strategic arrangements with Twist Bioscience, which has retained an ownership stake and benefits from future milestones and royalties.
What are their plans for the money?
With the capital raised, Atlas Data Storage aims to expand its operations and intensify development efforts to further commercialize its breakthrough DNA data storage technology. The goal is to address the growing demand for efficient and scalable data storage solutions in the rapidly evolving AI landscape.
What have they achieved so far?
Atlas leverages a core technology inherited from Twist Bioscience, a pioneer in synthetic biology, ensuring a robust foundation. The involvement of experienced industry leaders, including CEO Varun Mehta and board members from notable investment firms, underscores the company's progress and potential in revolutionizing data storage.
