MemVerge announces $19 million

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

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.”