What is Crossbar?
Founded in 2010 and headquartered in Santa Clara, California, Crossbar is a technology firm specializing in the development and commercialization of Resistive RAM (ReRAM). This innovative non-volatile memory technology offers a distinct alternative to traditional memory architectures, providing high-performance, low-power, and high-density storage solutions. Crossbar's technology is designed for versatile application, capable of being integrated directly into system-on-chip (SoC) designs or manufactured as standalone memory chips. By addressing the limitations of existing memory standards, Crossbar occupies a critical position in the semiconductor supply chain, enabling advancements in consumer electronics, enterprise storage, and industrial IoT devices.
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, Northern Light Venture Capital, Kleiner Perkins, and Artiman Ventures
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, Korea Investment Partners, CBC Capital, Correlation Ventures, and Artiman Managment, LLC
Series C (2014): $25M backed by SAIF Partners, University of Michigan, CBC-Capital, Artiman Ventures, Kleiner Perkins Caufield & Byers, Korea Investment Partners, Northern Light Venture Capital, and Tao Investments
Series D (2015): $34.2M with participation from Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, SAIF Partners, Korea Investment Partners, Artiman Ventures, Correlation Ventures, and CBC-Capital
Private Equity (2017): $14.5M, investors not publicly disclosed
Debt (2021): $1.4M supported by PPP
Key Investors in Crossbar
Kleiner Perkins
A Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, providing operational support from seed through IPO.
Northern Light Venture Capital
A technology-centric early-stage venture capital firm that supports entrepreneurs in enterprise, healthcare, and consumer sectors with disruptive potential.
Artiman Ventures
An investment firm focused on innovative companies that leverage technology to improve education, security, healthcare, and diagnostics.
What's next for Crossbar?
Looking ahead, Crossbar is positioned to leverage its established capital base to accelerate the adoption of its ReRAM technology across global markets. The strategic focus remains on deepening partnerships with semiconductor manufacturers and system integrators to facilitate the mass-market deployment of its memory solutions. As the demand for efficient, high-speed, and durable memory continues to rise in the era of AI and edge computing, Crossbar's ability to provide scalable, integrated memory architectures will be a key driver of its future growth. The company is expected to continue refining its manufacturing processes to optimize cost-efficiency and performance, further solidifying its competitive advantage in the hardware landscape.
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