Innovative Silicon Secures $25M in Series C Funding
Innovative Silicon Inc. (ISi), the developer of Z-RAM ultra-dense memory intellectual property (IP), announced today that Wellington Partners Venture Capital has joined with all existing investors to lead a $25M Series C round of investment in the company. ISi will use the financing to expand its engineering and customer support initiatives worldwide.ISi’s Z-RAM is the world’s lowest cost memory solution, offering higher density than today’s DRAM and SRAM technologies, and the manufacturing simplicity of a single-transistor cell. AMD and Hynix Semiconductor have recently licensed Z-RAM memory technology for future microprocessor and stand-alone DRAM products.
Wellington Partners is an active and focused investor in semiconductor technologies, with a particular interest in process and manufacturing technologies that create opportunities to change large markets. “Recent multi-million dollar deals with leading DRAM maker, Hynix, and microprocessor giant AMD, clearly position ISi’s Z-RAM as the leader for both stand-alone and embedded next-generation memories,” said Bart Markus, general partner at Wellington Partners. “We are delighted to be a part of this next, exciting phase in the development of Innovative Silicon Inc.”
“Wellington Partners adds another prestigious firm to our existing investors and provides further endorsement of the strength of our business and technology vision going forward,” said Mark-Eric Jones, ISi President and CEO. “This round of financing will not only fuel the rapid growth ISi is experiencing now, but will also provide additional financial stability as ISi attracts top industry talent in support of our customer and product initiatives.”
17th March 2010
Innovative Silicon’s Z-RAM Technology Meets Low Voltage and Bulk Silicon Requirements of DRAM Memory Manufacturers