Monday, March 31, 2014
Correction: 3D Ram Semiconductor Developer Gets Funding
Update: Crossbar informs us that its investment announcement incorrectly identified the investor in this story as Tao Venture Capital Partners, when it should be an entirely different company -- Tao Invest, the investment fund of Nick and Joby Pritzker (also referred to as Tao LLC). The two funds are not related. The Pritzkers are members of the Pritzker family, which founded the Hyatt hotel chain. Tao Venture Capital Partners is the venture investment fun dof Tom Clancy. We've corrected the details of the story below.According to Crossbar, it raised $25M in a Series C funding, adding new investors Tao Invest, SAIF Partners, Korea Investment Partners, and CBC-Capital. The funding also included existing investors Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital and the University of Michigan. Crossbar's resistive RAM technology is aimed at creating very dense, 3D memory, which the company says can store terabytes of data on a single, postage-stamp sized chip. More information »
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