MemComputing has filed a notice of an exempt offering of securities to raise $5 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, MemComputing is raising up to $5,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About MemComputing
MemComputing is a company dedicated to developing advanced computational technology, specifically chips, designed to address the evolving demands of artificial intelligence. The company distinguishes itself by taking a unique approach, characterized by reinvention, stripping away assumptions, and designing essential solutions rather than relying on upgrades or workarounds for existing general-purpose chips. Before AI gained widespread attention, MemComputing’s technology was already proving its capability by breaking bottlenecks and solving complex problems in minutes that previously required years. Currently, MemComputing is focused on advancing AI with real, in-motion technology, aiming to set new industry standards. Their chips are engineered for sustainability, operating with ultra-low energy consumption and cool temperatures, thereby reducing power and overhead while maintaining peak performance.
To learn more about MemComputing, visit https://memcpu.com/
MemComputing Linkedin Page: https://www.linkedin.com/company/memcomputing/
Contact:
John Beane, Chief Executive Officer
619-324-8870
https://www.linkedin.com/in/jbeane/
SOURCE: http://www.intelligence360.io
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