Tech Company Financing Transactions
Numem Funding Round
Cambium Capital Partners and Doorga Capital invested in a $4 million Series A capital raise for Numem. The financing round closed on 9/7/2023.
Transaction Overview
Company Name
Announced On
9/7/2023
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series A
Investors
Cambium Capital Partners (Lead Investor)
Doorga Capital (Lead Investor)
Proceeds Purpose
The company will use the funds to Propel Memory Solutions for AI and IoT/
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
440 North Wolfe Rd
Sunnyvale, CA 94085
USA
Sunnyvale, CA 94085
USA
Phone
Undisclosed
Website
Email Address
Overview
Numem, headquartered in Sunnyvale, California, is the leading provider of advanced SOC Compute in Memory based on its patented NuRAM (MRAM) and SOC Subsystem IP Cores and Chiplets based on its patented, RISC-based, SmartMem technologies. Numem NuRAM provides an excellent SRAM and eFlash alternative for SoC Designers/ Architects with 2.5x smaller area and >20x lower leakage power than SRAM. Numem provides an end-to-end solution that is disrupting the semiconductor industry by enabling ultra-low power, high-performance integration of persistent memory that can be down without losing data. Numem's IP Cores and Chiplets are used in IoT/Wearables, AI/Generative AI, Digital Security/Cameras, Autonomous Vehicle and Data Center applications. They enable Customers with a substantial reduction in system power and time to market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jack Guedj
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