Ferroelectric Memory has announced that it has completed a $20 million Series B funding. 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.

Innovative non-volatile memory solutions, such as the embedded memories for microcontrollers and Systems on a Chip (SoC), developed by Ferroelectric Memory (FMC), must satisfy increasingly demanding requirements in terms of scalability, number of write cycles and duration of data retention even in extreme environmental conditions.

Ferroelectric Memory Company (FMC) has announced the successful closing of a €4.6m growth financing led by eCAPITAL entrepreneurial Partners AG under participation of High-Tech Gründerfonds. The funds will enable the company with base in Dresden to expand its team, accelerate the further development of their solutions and conquer a significant market share by replacing the current standard technology.