Holographic Storage Pioneer InPhase Scrambles for Funding
Holographic storage technology has been a dream since the early 1960s, when Polaroid scientist Pieter J. Van Heerden first thought of storing data in three dimensions. It may remain that way a while longer.
According to a report in the Longmont (Colo.) Times-Call, InPhase Technologies has "apparently shut down" and ceased paying employees.
InPhase was spun off from Bell Labs a decade ago, and has been at work developing holographic data storage since 1994.
But one InPhase investor remains hopeful that the holographic storage pioneer can obtain additional funding and keep that work going.
In a statement to Enterprise Storage Forum, Bart Stuck of Signal Lake Partners said the firm "is actively engaged in restructuring the capitalization of InPhase."
If InPhase can't make the technology a commercial success, GE (NYSE: GE) may become the next most likely candidate to make the technology commercially viable.
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