Magstone Law Assists Foothill Ventures Fund in Strategic Investment in TetraMem
2024-08-31 16:26:53
Magstone Law provided legal advisory services to Foothill Ventures Fund for its early-stage investment in TetraMem, a company focused on developing in-memory computing technologies for artificial intelligence applications.
Qingyuan Fund was one of TetraMem's earliest institutional investors, participating in the company's Pre-A and A-round financings alongside notable investors and industry leaders such as Oppo, SAIC Motor, SK Hynix, and Lam Research, with a total investment of $8 million.
In 2024, TetraMem successfully completed its A+ round of financing, raising 260 million.
Founded in 2018, TetraMem is dedicated to developing AI chips that achieve significant breakthroughs in speed and energy efficiency. The company has built a robust intellectual property portfolio, boasting over 500 U.S. patents and a substantial number of academic publications.