News

5D Storage Technology Can Fit 500TB On A Small Disc

This method could theoretically be used to archive data for as long as 13.8 billion years.

Published

3 years ago

November 5, 2021

5d storage technology can fit 500tb on a small disc

While most consumers today are perfectly satisfied with the capacity and reliability of modern solid-state drives (SSDs), various organizations that are required to archive massive quantities of data are deeply aware of the limitations of not just SSDs but other currently available storage technologies as well.

Soon, they might be able to store up to 500TB of data on a CD-sized disc thanks to a new energy-efficient laser-writing method for producing high-density nanostructures in silica glass. Called five-dimensional (5D) optical data storage, this method could theoretically be used to archive data for as long as 13.8 billion years, and the optical discs produced by it can survive temperatures as high as 1,000 degrees Celsius.

“With the current system, we have the ability to preserve terabytes of data, which could be used, for example, to preserve information from a person’s DNA,” said Peter G. Kazansky, leader of the research team behind the new data storage technology.

superman memory crystal 5d optical storage

5D optical data storage isn’t actually an entirely new invention, but its practical applications were greatly limited in the past because of its slow write speed. To improve it, the research team from the University of Southampton in the UK used a femtosecond laser to produce an optical phenomenon known as near-field enhancement, minimizing the thermal damage that prevented earlier researchers from making 5D optical data storage truly usable.

Also Read: Japan Sets A New Internet Speed Record With 319 Terabits Per Second

“This new approach improves the data writing speed to a practical level, so we can write tens of gigabytes of data in a reasonable time,” said doctoral researcher Yuhao Lei. By a reasonable time, Lei means about 100 pages of text (roughly 230 kilobytes of data) per second.

When you compare that figure to the writing speeds of modern SSDs (anywhere from 200 megabytes per second to 4,000 megabytes per second), it becomes apparent that regular consumers won’t be replacing their storage drives with it anytime soon.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.