Financial

RRAM developer Intrinsic raises $1.85 million

UK-based RRAM developer Intrinsic Semiconductor Technologies (Intrinsic) announced it closed a $1.85 million seed funding round, led by investors UCL Technology Fund and IP Group plc. The company will use the funds to develop prototypes of its RRAM memory devices on 300 mm silicon wafers in collaboration with imec.

Intrinsic was spun-off from the University College London (UCL) in 2017. The UCL Technology Fund is now supporting this next stage in the company's life.

Read the full story Posted: Mar 24,2021

Weebit Nano raises a further $12 million AUD to accelerate its R&D and commercialization

Israel-based RRAM developer Weebit Nano announced it has raised $12 million AUD in its recent placement. The company says that its new funds will enable it to accelerate its commercialisation initiatives, including strengthening its technology, engineering and sales teams and increasing marketing activities in the embedded memory market. A non-underwritten share purchase plan to raise up to $3 million will be offered to eligible shareholders on the same terms as the Placement.

Weebit packaged RRAM chip photo

Weebit says it remains on track to achieve its first commercial agreement by mid-2021. Weebit Nano will also be able to accelerate the next phase of standalone memory development across both the technical and commercial aspects to fast track deployment, whilst also developing the next generation of its neuromorphic demo.

Read the full story Posted: Nov 25,2020

Weebit Nano raises $6.6 million AUD in a two-tranche placement

Israel-based RRAM developer Weebit Nano announced it has raised $6.6 million AUD via a two-tranche placement. The funds will be used to complete its memory module development, transfer the technology to a production fab and continue its work on discrete RRAM memory technology.

Weebit packaged RRAM chip photo

Weebit says that the placement was priced at a discount of around 22% to its current share price. The company now hopes to accelerate its development work and make up lost time from the COVID-19 shutdown.

Read the full story Posted: Jun 15,2020

Strategic Elements updates on its Memory Ink status

Strategic Elements announces an updates regarding its Memory Ink project status - and said that it has recently tested its spin-coated Memory Ink device (based on a glass substrate and silver electrodes). The tests, performed at UNSW, were successful and 100% of the memory cells operated successfully and showed "suitable" endurance.

Strategic Elements glass-based transparent RRAMprototype

SER is working with CSIRO, which reproduced the tests done at UNSW successfully - although the endurance results achieved at UNSW could not be repeated. SER will continue to work with UNSW to understand the variability in process and results. The company is also looking into a collaboration with VTT Finland.

Read the full story Posted: Aug 22,2018

4DS Memory raised $3 million to fund its RRAM development activities

Australia-based RRAM developer 4DS Memory announced the successful completion of a placement of $4 million AUD (about $3 million USD). 4DS says that the placement was significantly oversubscribers and the proceedings will be used to fund 4DS' ongoing RRAM development activities.

A few days ago 4DS announced the fabrication of a working 40nm RRAM memory cell in collaboration with HGST, a subsidiary of Western Digital.

Read the full story Posted: Oct 21,2016