Israeli startup RAAAM Memory raises $17.5M Series A led by NXP to commercialize GCRAM chip technology; promises 50% smaller, 10x lower-power memory for AI processors using standard manufacturing.

Chip giant NXP leads $17.5M Series A for Israeli startup tackling AI’s memory bottleneck

Photo: Omer HacohenRAAAM Memory Technologies’ “GCRAM” promises denser, lower-power on-chip memory as the semiconductor industry races to support next-generation AI processors. RAAAM Memory Technologies, an Israeli startup developing next-generation on-chip memory, announced it has raised $17.5 million in a Series A round led by chip giant NXP Semiconductors. The round included participation from a leading multinational networking corporation, IAG Capital Partners, the European Innovation Council...