IoT Startup Crossbar Raises $14.5 Million

According to a recent SEC filing, Crossbar raised $14.5 million in financing from an undisclosed investor.

Crossbar is a leader in ReRAM technology, which enables kilobytes to terabytes of always-on data storage to be embedded into any processor, microcontroller, FPGA or as a standalone memory chip. Crossbar ReRAM lets designers rethink the compute/storage paradigm, free from the constraints of traditional flash and DRAM memories. From “persistent memory” that brings data closer to CPUs to “cognitive memory” that enables in-memory computing without a host CPU, ReRAM seeks to usher in a new era of data storage and processing for both edge and cloud computing.