Tech Company Financing Transactions
LyteLoop Funding Round
LyteLoop, operating out of Great Neck, secured $40 million from private investors.
Transaction Overview
Company Name
Announced On
2/10/2021
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
LyteLoop's new funding will provide it with enough runway to achieve its next major milestone: putting into orbit within the next three years three prototype satellites equipped with its novel data storage technology.
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
80 Cuttermill Rd.
Great Neck, NY 11021
USA
Great Neck, NY 11021
USA
Phone
Website
Email Address
Overview
we have been perfecting our proprietary, patent pending photonic method of data storage which puts data in a constant state of perpetual motion. Achieved through the use of ultra-high bandwidth lasers, data now moves in an endless circulating loop, taking up less space and using less electricity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ohad Harlev
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