RAAAM Memory Technologies closed a $4M Seed Round to commercialize super cost-effective On-Chip Memory Solutions.
Apr 15, 2024•over 1 year ago
Amount Raised
$4 Million
Round Type
seed
Investors
Claves InvestmentsSilicon Catalyst AngelsHack CapitalJ VenturesSerpentine Ventures
Description
RAAAM Memory Technologies announced the completion of a Seed financing round of $4 million. This funding will be used to commercialize their on-chip memory solutions, providing 50% area reduction over high-density SRAM and reduced power consumption by a factor of five.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers