# Upmem

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

- Industry: Hardware
- Headquarters: Grenoble, France
- Website: www.upmem.com
- Total disclosed funding: $7.7M
- Latest round: Series C (Oct 27, 2023)
- Investors on record: 7

## About

Based in Grenoble, France, and founded in 2015, Upmen Sas operates as a semiconductor company that offers high-efficiency processing accelerators for data centers. The company was Co-founded by Gilles Hamou (CEO) and Fabrice Devaux (CTO). In September 2017, UPMEM SAS raised EUR 3 million in series A funding led by C4 Ventures, Crédit Agricole Corporate, and Investment Bank, and Partech. Furthermore, in September 2023, the firm raised EUR 2.5 million in grant funding led by investor European Innovation Council. 

The firm offers processing products for the big data and artificial intelligence industry. It offers solutions that provide processing in-memory engines. The solution provides an instruction set for various calculations, and up to 2560 PIM units can be combined in a single socket server with 256GB PIM DRAM. The program PIM units come with a software development kit and provide platform evaluation for developers.

The company plans to utilize its September 2023 funding to expand its operation and development efforts.

## Funding rounds

- Series C, Oct 27, 2023, $4.3M — Partech Partners, Western Digital Capital, UP Capital, C4 Ventures, European Innovation Council
- Series A, Aug 8, 2017, $3.4M — Partech Partners, Western Digital Capital, UP Capital, C4 Ventures, Supernova Invest, Casra Capital

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series C
- Western Digital Capital (https://capitalatlas.ai/funds/western-digital-capital) — Series A, Series C
- UP Capital (https://capitalatlas.ai/funds/up-capital) — Series A, Series C
- C4 Ventures (https://capitalatlas.ai/funds/c4-ventures) — Series A, Series C
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Series A
- Casra Capital — Series A
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series C