What is Crossbar?
Founded in 2010 and headquartered in Santa Clara, California, Crossbar has pioneered a novel approach to non-volatile memory through its ReRAM technology. This innovative memory solution can be integrated directly into system-on-chip designs or manufactured as standalone memory chips. The company's focus on ReRAM positions it within the competitive semiconductor industry, aiming to offer advanced memory capabilities for various applications.
How much funding has Crossbar raised?
Crossbar has raised a total of $143.9M across 8 funding rounds:
Series A
$4.2M
Private Equity
$20.6M
Series B
$20.6M
Series C
$23.5M
Series C
$25M
Series D
$34.2M
Private Equity
$14.5M
Debt
$1.4M
Series A (2011): $4.2M, investors not publicly disclosed
Private Equity (2012): $20.6M led by Correlation Ventures, Artiman Ventures, Northern Light Venture Capital, and Kleiner Perkins
Series B (2012): $20.6M supported by Correlation Ventures, Northern Light Venture Capital, Kleiner Perkins, and Artiman Ventures
Series C (2014): $23.5M featuring Kleiner Perkins Caufield & Byers, University of Michigan, TAO Venture Capital Partners, Northern Light Venture Capital, SAIF Partners, Correlation Ventures, CBC Capital, Artiman Managment, LLC, and Korea Investment Partners
Series C (2014): $25M backed by SAIF Partners, University of Michigan, CBC-Capital, Korea Investment Partners, Northern Light Venture Capital, Tao Investments, Kleiner Perkins Caufield & Byers, and Artiman Ventures
Series D (2015): $34.2M with participation from Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, SAIF Partners, CBC-Capital, Correlation Ventures, Korea Investment Partners, and Artiman Ventures
Private Equity (2017): $14.5M, investors not publicly disclosed
Debt (2021): $1.4M supported by PPP
Key Investors in Crossbar
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a prominent venture capital firm based in Menlo Park, known for investing in early and growth-stage technology and life science companies. They provide capital and operational support across various sectors, including enterprise and hard tech.
Northern Light Venture Capital
Northern Light Venture Capital is a technology-focused early-stage venture capital firm that backs entrepreneurs in enterprise, healthcare, and consumer sectors. They emphasize disruptive potential and digital transformation.
SAIF Partners
SAIF Partners is a private equity firm specializing in growth capital for companies in China or with significant operations in the region, focusing on sectors like TMT, healthcare, and new materials.
What's next for Crossbar?
With a history of significant enterprise-level funding, Crossbar appears to be in a growth or scaling phase. The recent strategic investment suggests a focus on expanding its market reach, further developing its ReRAM technology, or potentially preparing for future commercialization milestones. The company's trajectory, marked by consistent capital raises across various funding rounds from Series A to Series D, indicates a sustained belief in its technological potential and market viability. Future developments will likely center on leveraging this latest backing to solidify its position in the memory technology landscape.
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