Dresden – Weitnauer has advised the industrial tech startup Ferroelectric Memory GmbH (FMC) in its latest financing round. FMC raises $20 Million to accelerate memory technology for AI, IoT, Edge Computing, and Data Center Applications. The round of financing was led by the new investors M Ventures and imec.xpand, with participation of SK hynix, Robert Bosch Venture Capital, and TEL Venture Capital. The Series A investor, eCapital also participated in this round. According to FMC, the capital raised will be used to accelerate commercialization of its ferroelectric memory technology for a broad set of memory and compute applications. The company plans to expand its team in Dresden, as well as to start international expansion, including into the US and Asian markets.
“In the end, a successful deal was reached with a number of renowned international partners” says Dr. Wolfgang Weitnauer “We are delighted that we had the opportunity to accompany FMC in this process as legal advisors.”
About Ferroelectric Memory GmbH (FMC)
FMC has developed the most advanced ferroelectric hafnium oxide memory technology to deliver leading-edge non-volatile memory for future electronics and computing innovation. The company emerged from stealth mode in July 2018 and is currently working with major semiconductor companies for its embedded and stand-alone memory solution. Its ferroelectric field-effect transistor (FeFET) and capacitor (FeCAP) technology is simple to integrate, fast, low-power, and scalable, and has high endurance with decades of data retention, suitable for a broad range of AI, IoT, edge, data center, and embedded applications.
Legal Advisor FMC:
Dr. Wolfgang Weitnauer, M.C.L. (Venture Capital, M&A/Munich)