Adesto Technologies, a Sunnyvale, California-based developer of the low power, low cost CMOS based Conductive Bridging RAM (CBRAM) Technology, closed its third round of financing.
Founded in 2007 and led by CEO Narbeh Derhacobian, Adesto Technologies is planning to offer its first CBRAM products later in 2011. The company also partners with leading semiconductor companies in the development of embedded CBRAM memory blocks for custom SOCs.
The round, whose amount remained undisclosed, was led by Altis Semiconductor, a French supplier of semiconductor technologies and value-added foundry services suitable for market segments like mobile, security and automotive, with participation from existing investors (ATA Ventures, Adams Street Partners, Arch Venture Partners, Harris & Harris Group, Applied Ventures).
The investment also includes a licensing agreement that will enable Altis to offer embedded CMOS compatible Conductive Bridge RAM (CBRAM) memory IP for its customers.
Altis is led by CEO Jean-Paul Beisson.