RAAAM Memory Technologies Raises $17.5 Million to Advance Low-Power Chip Development

Israeli startup RAAAM Memory Technologies has raised $17.5 million in Series A funding led by NXP Semiconductors, reports Data Center Dynamics. The round also included participation from IAG Capital Partners, the European Innovation Council (EIC) Fund, LiFTT, Alumni Ventures, and existing investors J-Ventures, Silicon Catalyst Ventures, and Serpentine Ventures.

The funding brings RAAAM’s total raised capital to over $24 million, including an accelerator grant from the EIC. The company plans to use the funds to further develop and qualify its patented Gain-Cell RAM (GCRAM) technology across advanced semiconductor process nodes.

RAAAM’s GCRAM is designed to address the AI memory bottleneck by offering up to tenfold power savings and as much as 50% area reduction compared to conventional SRAM. The technology is fully compatible with standard CMOS fabrication processes and can be used as a drop-in replacement, enabling chipmakers to expand on-chip memory capacity without additional process steps.

Founded in 2021, RAAAM is headquartered in Israel with an R&D center in Switzerland and currently employs 22 people. The company has already demonstrated its technology on silicon across process nodes from 16nm to 180nm and is collaborating closely with NXP on further development.