Carlsbad, CA – According to filings with the U.S. Securities and Exchange Commission, Iridia is raising $5,999,999.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Murali Prahalad played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Iridia
Iridia Inc. strategically combines proprietary enzymology and semiconductor technology to revolutionize long-term data storage. By leveraging DNA, natures perfected data storage system, the company has developed a durable, decodable, and ultra-high-density semiconductor chip solution for data storage, that significantly reduces the infrastructure requirements and environmental impact compared to current approaches. Iridias solution is the worlds first affordable, integrated data storage solution that can write, store, and read data on a single chip. Using proprietary nano memory cell technology and biochemistries, the company can manipulate single molecules of DNA to write information and read it back using the same device for a fraction of the cost of competing technologies.

To learn more about Iridia, visit http://iridia.com/

Contact:
Murali Prahalad, President and Chief Executive Officer
760-991-4466
mprahalad@iridia.com
https://www.linkedin.com/in/muraliprahalad/

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