Fenwick & West represented CrossBar, Inc., the inventor of a new class of non-volatile RRAM memory technology, in its recently announced $25 million Series C financing round. The round included participation from existing investors Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital and the University of Michigan. The round also included new investors SAIF Partners, Korea Investment Partners, CBC-Capital and Tao Venture Capital Partners.
The company plans to use the funds to complete manufacturing and licensing operations and will further accelerate their momentum as they endeavor to forever change the landscape of Flash memory and data storage. More information CrossBar’s $25M Series C Financing can be obtained from the company press release.