US-based Crossbar, has completed a $25 million Series C funding in an oversubscribed round which includes support from the University of Michigan’s venture fund Mints.
Founded in 2010 as a Kleiner Perkins Caufield & Byers incubation, Crossbar’s technology allows the creation of three-layer stacked RRAM. This makes it possible, they say, to store terabytes of data on a single “postage-stamp sized chip”.
This latest investment brings Crossbar’s total raised funds to $50m.
George Minassian, chief executive of Crossbar, said: “The response…
