Crossbar is a developer of RRAM non-volatile memory technology that the company positions as a replacement for traditional flash. Its RRAM uses CMOS-friendly materials and standard manufacturing processes and can be stacked in 3D to combine logic and memory on a single chip. The technology emphasizes low power, small size, high performance and low latency for applications from wearables and IoT devices to high-capacity SSDs for cloud data centers. Crossbar has been working with beta customers on an embedded memory solution targeted for production in 2016 and reports ongoing technical milestones toward very high-capacity standalone memory. The company emerged from stealth in August 2013 and is headquartered in Santa Clara, Calif. To date Crossbar has raised a total of $85 million and plans to use additional funds to continue the commercial ramp of its NVM technology. Crossbar develops a three-layer resistive RAM (RRAM) technology that is CMOS-compatible and can be stacked in 3D to deliver very high-density, low-power non-volatile memory. The company says the technology can store up to terabytes of data on a postage-stamp sized chip and is suitable for embedded memory and logic–memory integration. Crossbar has demonstrated a 1 MB storage device for embedded code applications with promising yields and performance measures. It holds RRAM patents from the University of Michigan and has filed 110 unique patents, 45 of which have issued. The company emerged from stealth in August 2013 and was founded in 2010 as a Kleiner Perkins incubation in Santa Clara. Crossbar plans to use new funding to complete manufacturing and licensing operations and is finalizing agreements with several leading international semiconductor companies, with first licensing announcements expected later in the year. Crossbar develops memory storage technology based on a crossbar architecture that melds memory and logic, positioned as a possible successor to traditional non-volatile flash. The company says its approach can increase density for mobile devices and bring together reconfigurable computing and data storage functions. Crossbar notes parallels to brain-like integration of signal processing and memory, and cites nanometer-level crossbar proposals from firms such as Hewlett‑Packard and Nantero. It provides solutions for the global memory storage industry. Financially, Crossbar filed a Form D indicating intent to raise $21 million and has raised $20.5 million from undisclosed investors. The company has prior investors including Correlation Ventures, Artiman Ventures, Kleiner Perkins Caufield & Byers, and Northern Light Venture Capital.

Total raised

$81M

Funding rounds

3

Latest round

Series D

Latest activity

Sep 2015