They raised 7K BTC, but that was for their 65nm chip.
They funded the 130nm chip.
FYI, 7K BTC most likely isnt enough to develop a 65nm chip and deploy miners based on it en masse. The mask sets alone might be on that order of magnitude.
Small wonder they have nothing to show for, other than theseven doing some contract work in the margin, probably just to keep up appearances.
It's a 65nm chip, not 28nm. The price difference between the two is pretty significant.