Codelucida, a University of Arizona startup that is commercializing error-correction technology for data storage and communications, has reported that it has raised approximately $700,000 in a round of angel investment funding. The effort, led by Tucson's Desert Angels, also pulled together participation from the Tech Coast Angels in Southern California, the Arizona Tech Investors in Phoenix and other private angel investors.

Codelucida's technology was jointly developed during the doctoral studies of co-founder and CEO Shiva Planjery, along with his co-founders and doctoral advisers, Bane Vasic, UA professor of electrical and computer engineering, and David Declercq, professor at the University of Cergy-Pontoise, France.