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Imec spins out Vertical Compute memory chip firm in $20.5M deal https://t.co/46fQWlYaI3 via @GamesBeat
🤖📊 Vertical Compute elicits $20.5M spin-out: Breaking down the memory wall. https://t.co/qjsXA2Yct3 #tech #funding #news #VC #techstartup
Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M seed led by Imec.xpand (@deantak / VentureBeat) https://t.co/c9s0NTqH6b https://t.co/rbDgdUAVL5 https://t.co/ZOzeer2dpR
Imec.xpand, a European venture capital firm, has spun out a new memory chip company named Vertical Compute, securing a seed investment round of $20.5 million. The funding round was led by Imec.xpand and is part of a broader trend in the tech industry focusing on innovative memory solutions. Vertical Compute aims to address challenges in memory technology, which is critical for advancements in various sectors including artificial intelligence and data processing.