# MemComputing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/memcomputing

- Industry: Software
- Headquarters: San Diego, US
- Website: www.memcpu.com
- Total disclosed funding: $3M
- Latest round: Seed (Jul 7, 2020)
- Investors on record: 2

## About

MemComputing, Inc. is an innovative technology company specializing in advanced computing solutions that enhance performance and energy efficiency through a unique integrated architecture for data processing and storage.Founded in 2016 and headquartered in San Diego, US, MemComputing, Inc. focuses on transforming traditional computing paradigms. The company has been successful in securing Seed funding, raising USD 3.000 mn in July 2020 from investors including IT-Farm and Uniswap. The founders, Fabio Traversa and John Beane, have leveraged their expertise to advance the company's technology and market presence.MemComputing specializes in advanced computing technology that redefines conventional architectures to deliver significantly improved performance and energy efficiency. Their proprietary computing architecture transcends the traditional von Neumann model, enabling a unified system where memory and processing are integrated, allowing for simultaneous data storage and processing. This technology is advantageous in sectors such as artificial intelligence, cloud computing, and edge computing, addressing complex computational challenges. MemComputing targets a diverse client base across North America, Europe, and Asia-Pacific, focusing on industries that require high computational power with a commitment to sustainability.MemComputing operates primarily through a B2B revenue model, engaging with enterprises that integrate their advanced computing solutions into existing infrastructures. Clients can enter into partnerships or subscription agreements for access to MemComputing's technology, which includes flagship products designed for high-performance applications. Pricing structures reflect both performance benefits and reduced operational costs over time, underscoring the company's commitment to delivering innovative products and long-term value.MemComputing plans to utilize the USD 3.000 mn raised in Seed funding to further develop its product offerings and expand into new markets. The company is focusing on launching new technologies that enhance computational capabilities in high-performance sectors. Their strategic expansion includes targeted markets in Europe and Asia-Pacific, aiming for implementation by 2022. Recent funding will support these initiatives and facilitate the development of innovative solutions to meet emerging industry demands.

## Funding rounds

- Seed, Jul 7, 2020, $3M — IT-Farm Corporation, Uniswap
- Seed, Apr 19, 2019 — IT-Farm Corporation

## Investors

- IT-Farm Corporation (https://capitalatlas.ai/funds/it-farm-corporation) — Seed
- Uniswap — Seed