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Home > Hardware > MemVerge announces $19 million

MemVerge announces $19 million

MemVerge introduced Big Memory Computing and $19 million in funding from new investors including lead investor Intel Capital.

Erdem Yasar by Erdem Yasar
May 19, 2020
in Hardware
1 min read
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MemVerge announces $19 million
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The inventor of Memory Machinesoftware, MemVerge introduced Big Memory Computing, which is the combination of DRAM, persistent memory, and Memory Machine software technologies, where the memory is abundant, persistent, and highly available.

Big Memory Computing

Charles Fan, CEO and co-founder of MemVerge
Charles Fan, CEO and co-founder of MemVerge

MemVerge also announced $19 million in funding from new investors including lead investor Intel Capital as well as Cisco Investments, NetApp, and SK hynix, with additional participation from existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners, and Northern Light Venture Capital.

According to MemVerge’s announcement, the investment will be used for the development of MemVerge’s Memory Machine software and the company’s sales and marketing functions. Charles Fan, CEO and co-founder of MemVerge said,

“We’re honored to collaborate with these industry leaders to bring Big Memory to the enterprise with our Memory Machine software. Their investment demonstrates their alignment with our vision of a memory-intensive future. We founded MemVerge on the premise that every application should run in memory.

There are clear use cases in AI/ML and financial market data analytics today that can benefit immediately from this new memory-centric architecture. Our goal as the first mover in developing next-generation software for the Big Memory revolution is to set the bar for a vastly more effective way for enterprises to run data-intensive workloads.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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