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RAAAM Memory Technologies closed a $4M Seed Round to commercialize super cost-effective On-Chip Memory Solutions.

Apr 15, 2024over 1 year ago

Amount Raised

$4 Million

Round Type

seed

Petah TikvaManufacturing

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.

Company Information

Company

RAAAM Memory Technologies

Location

Petah Tikva, Center District, Israel

About

RAAAM™ Memory Technologies Ltd. is an innovative embedded memory solutions provider, that delivers the most cost-effective on-chip memory technology in the semiconductor industry. RAAAM™’s silicon-proven Gain-Cell RAM (GCRAM) technology combines the density advantages of embedded DRAM with SRAM performance, providing up-to 50% area reduction and up-to 10X power reduction over high-density SRAM, and it is fully compatible with the standard CMOS fabrication flow, requiring no additional process steps or cost. RAAAM™’s patented technology enables the extension of Moore’s Law for on-chip memories and can be used by semiconductor companies as a drop-in replacement for SRAM in their chips.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers