What is Crossbar?
Founded in 2010 and headquartered in Santa Clara, California, Crossbar has developed and commercialized ReRAM (Resistive Random-Access Memory), a novel non-volatile memory technology. This innovative solution can be integrated directly into system-on-chip designs or manufactured as standalone memory chips, offering a distinct advantage in performance and efficiency. Crossbar's technology aims to address the growing demand for high-density, low-power memory solutions across various electronic 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 Northern Light Venture Capital, Kleiner Perkins, Correlation Ventures, 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 Korea Investment Partners, CBC Capital, Kleiner Perkins Caufield & Byers, University of Michigan, Correlation Ventures, Artiman Managment, LLC, Northern Light Venture Capital, SAIF Partners, and TAO Venture Capital Partners
Series C (2014): $25M backed by Kleiner Perkins Caufield & Byers, CBC-Capital, Artiman Ventures, Korea Investment Partners, Northern Light Venture Capital, SAIF Partners, University of Michigan, and Tao Investments
Series D (2015): $34.2M with participation from Artiman Ventures, Korea Investment Partners, Northern Light Venture Capital, SAIF Partners, Kleiner Perkins Caufield & Byers, 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 Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology and life science companies, providing capital and operational support from seed through IPO or acquisition.
Korea Investment Partners
Korea Investment Partners is a significant backer, likely focusing on technology companies with global expansion potential, as indicated by their involvement in Crossbar's funding rounds.
Artiman Ventures
Artiman Ventures is an investment firm that supports innovative companies across various sectors, including technology, with a focus on driving advancements in areas like AI, security, and healthcare.
What's next for Crossbar?
The recent major strategic investment signals a new phase of expansion for Crossbar, likely focusing on scaling production, enhancing its technological capabilities, and broadening its market reach. Given the enterprise-level funding context, the company is poised to accelerate its go-to-market strategy, potentially targeting advanced computing, IoT, and AI applications where its unique ReRAM technology can offer a competitive edge. Future developments may include strategic partnerships and further product innovation to solidify its position in the memory market.
See full Crossbar company page
