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By | Chris Mellor 18th March 2010 09:29

Signal Lake rescues InPhase

Holographic light at end of the tunnel

Collapsed holographic storage maker InPhase is being resuscitated.

Venture Capital firm Signal Lake has bought most of the assets of InPhase, which went belly-up earlier this year.

Signal Lake was a founding investor in InPhase and has stuck with the firm through its troubles as it tried and failed to bring its Tapestry holographic storage product to market. In all it had five rounds of funding which raised over $94m. Signal Lake is working with unidentified partners and the group will control the majority stake in InPhase, which is now being reorganised.

The amount of new investment is not being revealed and the identity of InPhase senior management is not known yet. ®

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