Crossbar raises $35M in Series D

What does Crossbar?

Crossbar, is a resistive RAM technology leader. The company develops and licences memory storage flash technology devices. It is a startup company which pioneers a new class of RRAM- non-volatile resistive RAM memory technology. The company’s technology is designed to usher in a new era of electronics innovation. It delivers up to a terabyte of storage on a single chip the size of a postal stamp, with very little power and a high performance. The company is backed by top tier investors and has an assembled an expert team which is shattering the memory barriers with a new and innovative approach.

How much Crossbar was funded?

Crossbar raised $35M in Series D funding on September 14, 2015 from Tyche Partners (Lead), CBC Capital, Artiman Ventures, Cheerful Link Ventures, Kleiner Perkins Caufield & Byers, Correlation Ventures, Korea Investment Partners, Oriza Holdings, Northern Light Venture Capital, SAIF Partners, University of Michigan and TAO Investments.

Previous funding

• $20.6Min Series B funding on November 21, 2012 from Artiman Ventures Partner: Yatin Mundkur, Kleiner Perkins Caufield & Byers Partner: Wen Hsieh, Correlation Ventures and Northern Light Venture Capital Partner: Lei Yang
• $25Min Series C on March 31, 2014 from Artiman Ventures Partner: Yatin Mundkur, Correlation Ventures, CBC Capital, Kleiner Perkins Caufield & Byers Partner: Wen Hsieh, Northern Light Venture Capital Partner: Lei Yang, Korea Investment Partners, University of Michigan and SAIF Partners

What is next for Crossbar?

Crossbar plans to use the funding for continuing its commercial ramp of the game changing NVM- Non-Volatile Memory Technology. The latest funding will bring the company a step closer to enabling a new world of storage which promises to change how customers work, live and play.

More about Crossbar

Crossbar was founded in 2008 by Wei Lu, George Minassian and Hagop Nazarian. It has its headquarters in Santa Clara, CA.