# Codelucida

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/codelucida

- Industry: Semiconductors
- Headquarters: Tucson, US
- Website: www.codelucida.com
- Total disclosed funding: $0.7M
- Latest round: Angel (Jan 5, 2017)
- Investors on record: 3

## About

Codelucida, Inc. is a technology firm specializing in advanced data encoding and error correction solutions aimed at significantly enhancing the efficiency and performance of flash memory systems.Founded in 2012, Codelucida, Inc. is based in Tucson, US, and is focused on developing innovative solutions in the data storage sector. The company operates independently and has executed 3 deals since inception, with its most recent funding round occurring in August 2018, where it raised USD 2.00 mn. The firm is led by Shiva Planjery, who serves as both founder and CEO, bringing leadership experience from previous ventures in technology.Codelucida specializes in advanced data encoding and error correction technologies primarily targeted at enhancing the performance of flash memory systems. Their flagship product is designed to deliver superior resource efficiency by minimizing power consumption and leveraging a low resource footprint, particularly on Xilinx Ultrascale+ FPGAs. The company’s technology emphasizes reduced Look-Up Table (LUT) and Block RAM (BRAM) usage, ensuring high throughput of 4.8+ GBytes/sec while maintaining industry-leading performance in Application-Specific Integrated Circuits (ASICs). Codelucida’s solutions are utilized by a diverse clientele that includes major players in the semiconductor and memory industries, addressing critical end-use cases such as improving read latency and power efficiency in data-intensive applications. Their products are marketed primarily in North America, Europe, and parts of Asia, catering to sectors that demand high-performance memory technologies.Codelucida generates revenue through direct business-to-business transactions, primarily by providing licensing agreements for its proprietary encoding solutions to semiconductor manufacturers and technology companies. The transaction structure typically involves multi-year agreements that allow clients to integrate Codelucida’s technology into their own products. Pricing arrangements are tailored based on the scale of implementation and the specific technology being licensed. The company’s revenue streams are bolstered by partnerships within the tech ecosystem, including collaborations with FPGA manufacturers and memory solution providers.Codelucida is engaged in developing new products designed to enhance its existing technology solutions, although specific release dates are currently not provided. The company aims to expand its market presence in targeted regions including Europe and parts of Asia by leveraging recent funding raised in August 2018, amounting to USD 2.00 mn, to support its growth initiatives and product development strategies.

## Funding rounds

- Angel, Jan 5, 2017, $0.7M — Tech Coast Angels, Desert Angels, Arizona Tech Investors

## Investors

- Tech Coast Angels — Angel
- Desert Angels (https://capitalatlas.ai/funds/desert-angels) — Angel
- Arizona Tech Investors (https://capitalatlas.ai/funds/arizona-tech-investors) — Angel