Ferroelectric Memory Company, a Dresden, Germany-based enterprise that commercializes technology for non-volatile memory solutions for microcontrollers, closed a €4.6m growth financing.
The round was led by eCapital entrepreneurial Partners AG with participation from High-Tech Gründerfonds.
The company intends to use the funds to expand its team, accelerate the further development of their solutions and acquire a significant market share by replacing the current standard technology.
Founded in 2016 and led by Dr. Stefan Müller, CEO, FMC provides patent-protected Ferroelectric Field Effect Transistor (FeFET) technology memory solutions for non-volatile storage, which aim to solve the scaling problem of semiconductor foundries and fabless companies. It can scale to transistor sizes ranging from 28nm and below.