Weebit Nano raised $40 million to accelerate the commercialization of its RRAM technology

Israel-based RRAM developer Weebit Nano announced that it has secured $40 million USD in its latest financing round, meant to accelerate the development and commercial roll-out of its ReRAM technology. 

Weebit crossbar RRAM scheme

The fund raising took part through the placements of 12 million new shares to international institutional investors, as well as an oversubscribed share purchase plan (SPP) to existing shareholders.

In early 2023 Weebit taped-out demonstration chips integrating its embedded RRAM module in an advanced 22nm FD-SOI process technology. In November 2022 the company announced that it has received the first silicon wafers from SkyWater Technology, with embedded Weebit RRAM.

Posted: Apr 25,2023 by Ron Mertens