Tech Company Financing Transactions
MemComputing Funding Round
MemComputing closed a funding round on 7/8/2020. Backers included IT-Farm and Revolution Growth.
Transaction Overview
Company Name
Announced On
7/8/2020
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate product development and expand its sales and marketing efforts.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
9909 Huennekens St. 110
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Undisclosed
Website
Email Address
Overview
MemComputing's disruptive MemCPU Coprocessor technology is accelerating the time to find feasible solutions to the most complex optimization problems in all industries. Using a physics-based approach, this novel architecture is based on the computational efficiencies of the human brain.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Beane
Chief Information Officer
Larry Heminger
Chief Technical Officer
Fabio Traversa
Browse more venture capital transactions:
Prev: 7/8/2020: Notarize venture capital transaction
Next: 7/8/2020: Hygienica venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC transactions reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs