Business Overview

Active
Operating Status
Aug 2017
Founded
37
Employees
B2B
Business Model
Description
In 2017, Intel released a new Optane SSD product. Under the covers of this new SSD was 3D XPoint, a new persistent memory. In the history of computing, memory and storage have always been two different concepts. Persistent Memory promises to change that and can be operated at memory speed while being persistent like storage. With the Optane SSD available, we knew that the real game changer, the persistent memory DIMM, was not far away.We decided, right at that moment, to start MemVerge. With every new hardware substrate, a new software stack will must be developed to allow the applications to take full advantage of the new hardware. In this case, that solution is Software for the new category called Big Memory. At MemVerge, our mission is to open the door to Big Memory Computing via the Memory Machine Software we develop. We are well on our way.
Business Stage
Launched
Sectors

Board Members and Advisors

Head of Venture Investments and Board Observer
Chairman and Board Member

Investors

Investor

Investor Type

Series Preference

Series A, Series B, Series C, Series D
Series A, Series B

Funding Rounds

$43,500,000
Total Funding

3

Funding Rounds
Series B
Last Funding Series

Date Announced

Funding Round

Amount Raised

Investors

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