MemComputing Secures Investments from Revolution’s Rise of the Rest Seed Fund and IT-Farm

MemComputing, Inc., developer of disruptive high-performance computing technology, announced that Revolution’s Rise of the Rest Seed Fund is the latest investor in MemComputing, joining other institutional investors such as IT-Farm. The latest investment brings the company’s total funding to over $3 million and helps the company accelerate its product development and expand its sales and marketing efforts.

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“Partnerships with funds as prestigious as Revolution’s Rise of the Rest Seed Fund and IT-Farm help demonstrate the credibility of our technology,” said John Beane, CEO, and co-founder of MemComputing, Inc. “Both teams are delivering critical introductions to industry and other venture partners. We are thrilled to have them involved.”

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Anna Mason, Partner at Revolution’s Rise of the Rest Seed Fund, commented, “Despite the hype, the promise of quantum computing is likely still years from becoming a reality, but businesses have large, computationally complex problems that need to be solved today. MemComputing’s new spin on classical computing is an innovation that meets this moment where there has never been a more pressing need for problem-solving on a grand scale.”

“MemComputing is one of those rare Deep Tech breakthroughs that can change the whole field,” said Morio Kurosaki, the President of IT-Farm. “Beyond immediately solving complex optimization problems, MemComputing has the potential to launch the next revolution in computing hardware as well.”

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