Crossbar has filed a notice of an exempt offering of securities to raise $5,174,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Crossbar is raising up to $5,174,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Ker Zhang 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
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, visit http://www.crossbar-inc.com/
Contact:
Ker Zhang, Chief Executive Officer
408-884-0281
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