KPCB, Artiman-backed Crossbar nets $20m financing


Venture capital-backed memory chip maker Crossbar has gathered more than $20m in financing from undisclosed investors.

Kleiner Perkins Caufield & Byers, Artiman Ventures, Northern Light Venture Capital and the University of Michigan have previously invested in the company, which licences high-density, low power flash technology.

The business was aiming to raise $21m, according to a filing with the US Securities and Exchange Commission, and has about $440,000 to go.

Earlier this month Boston-based venture capital firm Battery Ventures led a $28m financing round for Diablo Technologies, a Canadian maker of memory system interface products.

Ontario-based Diablo added several new US and European investors and board members through the round, which will be used to complete the company’s Memory Channel Storage technology platform.

London-based venture firm Index Ventures in August led an oversubscribed $40m Series D round for all-flash enterprise storage array company Pure Storage.

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