What’s In Store With DNA Tech?
Any conventional mode of storage tends to consume high levels of energy and is subject to lapses in security as well because of limited space for storage. Catalog has announced that it secured a Series B funding of $35 million for working on this technology. Hyunjun Park, CEO, Catalog went on record saying, “… the Series B funding was led by Hanwha Impact from South Korea, with assistance from Hong Kong’s Li Ka-Shing’s Horizon Ventures, an existing investor.” While the start-up is already working on the DNA-tech for storage, the funding will naturally give it further influx. Catalog also intends to improve its technological development, while focusing on the DNA-based platform for computing in mind. The latter will help in data management, data computation as well as automation. Earlier, in 2020, Catalog has raised $10 million in a Series A round. In 2018 the seed round saw fund influx of $9 million.
Looking Into The Idea
While the idea of DNA storage is not too new, researches are steadily looking to perfect the same for some years now. Catalog already has a DNA writer Shannnon that is custom–made and can deal with lots of chemical reaction every second. Shannon reportedly writes data with 10 MB per second speed. While the DNA storage tech will be a game changing innovation, it might not be commercial up for grabs anytime soon. It would mostly have potential for fraud detection and image processing in the economic and the manufacturing segments respectively.
