Santa Clara, CA – According to filings with the U.S. Securities and Exchange Commission, Crossbar Inc. is raising $25,047,000.00 in a new round of investment. Sources indicate as part of senior management Chief Executive Officer, George Minassian played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Crossbar Inc.

Crossbar is the leader in ReRAM technology, enabling 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 CPU to cognitive memory that enables in-memory computing without a host CPU, ReRAM is ushering in new era of data storage and processing for both edge and cloud computing.

To learn more about Crossbar Inc., visit http://www.crossbar-inc.com/

Contact:
George Minassian, Chief Executive Officer
408-884-0281
george.minassian@crossbar-inc.com
https://www.linkedin.com/in/george-minassian-19175210/

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