# Numem

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

- Industry: Semiconductors
- Headquarters: Sunnyvale, US
- Website: www.numem.com/
- Total disclosed funding: $9.3M
- Latest round: Series A (Jan 9, 2023)
- Investors on record: 2

## About

Based in California, US, and founded in 2017 by co-founders Jack Guedj and Nilesh Gharia, Numem, formerly known as NVMEngines Inc., operates as a semiconductor manufacturer of SOC Compute in Memory based on its patented NuRAM (MRAM) and SOC Subsystem IP Cores and Chiplets based on its patented, RISC-based SmartMem technologies. In September 2023, NVMEngines Inc., trading under the name Numem, raised Series A funding from investors Cambium Capital and Doorga Capital.

The company offers non-volatile memory solutions, including MRAM (magnetoresistive RAM) and ReRAM (resistive RAM). These memory types are set to disrupt the semiconductor landscape by offering a cost-effective alternative to conventional SRAM (static RAM) while promising lower power consumption. NVMEngines utilize standard processes for base layers, facilitating scalability down to smaller geometries and surpassing the limitations of traditional Flash memory, which maxes out at 28nm. The firm leverages its proprietary technology to deliver superior power efficiency, a reduced area footprint, and exceptional performance, ensuring robustness in product manufacturing.

The company plans to use the September 2023 funding to deploy its MRAM memory products and its patented SmartMem SOC subsystem.

## Funding rounds

- Series A, Jan 9, 2023, $9.3M — Cambium Capital, Doorga Capital

## Investors

- Cambium Capital (https://capitalatlas.ai/funds/cambium-capital) — Series A
- Doorga Capital (https://capitalatlas.ai/funds/doorga-capital) — Series A