Paris-based Biomemory, a deep tech company specialised in DNA data storage technology, has secured $18M (approximately €17.15M) in a Series A round of funding.
The round was led by Crédit Mutuel Innovation, with additional participation from several investors, including Bpifrance’s French Tech Seed fund, Blast, Paris Business Angels, and others.
Biomemory’s DNA-based storage solutions offer a sustainable, high-density alternative to traditional data storage, with the potential to store all of humanity’s data in a single 19” rack. The funds will support the company in developing molecular technology for the “future of data storage”.
Alexis Riou, Deeptech investor at Crédit Mutuel Innovation, says, “We are thrilled to support Biomemory in developing its groundbreaking technology. An exciting challenge ahead to reinvent data storage and bring this industry a new complementary cutting edge solution to improve its sustainability and drastically reduce its environmental and social impact.”
Anthony Bourbon, founder and CEO at Blast, adds, “Biomemory’s technology represents a paradigm shift in how we think about data storage. Their approach not only solves current storage limitations but also paves the way for entirely new applications in data management and preservation.”
Capital utilisation
Biomemory, following the launch of its DNA storage card, has secured funding to advance its technology.
The investment will support the development of the first generation of its data storage appliance, foster partnerships with industry players and cloud providers, recruit talent in molecular biology and engineering, and drive research into broader molecular-based solutions.
Erfane Arwani, CEO and co-founder of Biomemory, says, “This investment marks a pivotal moment for Biomemory and the future of data storage. With our DNA storage technology, we’re not just addressing today’s data challenges – we’re building solutions that will sustain the ecosystem for the next century and beyond.”
“By sharing this value with our partners and collaborators, we aim to collectively advance the sector and foster a thriving data storage ecosystem.”
Brief about Biomemory
Founded in 2021, Biomemory focuses on developing DNA-based storage solutions for data centres. Committed to environmental sustainability, the company aims to transform the data storage industry with more efficient, long-lasting solutions.
Using proprietary synthetic biology technologies, Biomemory produces bio-compatible and bio-secure DNA fragments that can store data for thousands of years without energy input.
Based in Paris, the company is a spinoff of Sorbonne University and CNRS, benefiting from their research foundations in DNA data storage. It plans to scale its DNA-based data storage technology to exabyte levels by 2030 for use in data centres.
The company aims to combat climate change by offering eternal data storage, significantly reducing spatial footprint, and eventually surpassing traditional archival technologies in speed. This approach supports Biomemory’s mission to make digital technology more environmentally sustainable.
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