Crossbar Nabs $25M For 3D RAM Chip Technology

Santa Clara-based Crossbar, which is developing 3D RAM technology, has raised $25M in a Series C funding round, the company said this morning. The funding came from Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital and the University of Michigan, along with SAIF Partners, Korea Investment Partners, CBC-Capital and Tao Invest (the family fund of Nick and Joby Pritzker). Crossbar develops what it calls resistive RAM (RRAM) technology, which it says can be stacked to create 3D RAM memory, boosting the amount of data storable on a chip dramatically. The company says it has now raised a total of $50M. More information »