1 The EIC Accelerator Project
The EIC Accelerator program is a flagship initiative under the European Innovation Council (EIC) designed to support small and medium-sized enterprises (SMEs) and startups within the European Union that are developing innovative, high-risk, and high-impact projects. The program primarily targets deep tech companies that possess breakthrough technologies with significant potential for growth and market disruption. The EIC Accelerator aims to foster innovation by providing financial support, mentorship, and access to networks that can assist in scaling businesses.Funding Structure
The EIC Accelerator offers a unique blended finance model, combining grants and equity investments to create a comprehensive funding mechanism. Grants can go up to €2.5 million, aimed at covering costs associated with prototype development, testing, and commercial deployment of innovations. The grant component is particularly beneficial for early-stage companies looking to mitigate risks associated with the initial phases of product development.
In addition to grants, the EIC Accelerator includes an equity funding component that allows startups to secure investment of up to €15 million until the end of 2024. Following this period, the equity funding cap will be reduced to €10 million. This investment is designed to help companies scale their operations, enhance market reach, and attract additional private sector funding, thereby facilitating sustainable growth.
Purpose and Impact
The overarching purpose of the EIC Accelerator is to bolster the European deep tech and startup ecosystem. By providing financial resources and strategic support, the program aims to address the funding gap that many innovative startups face, particularly in the early stages of growth when traditional funding sources may be limited. The EIC Accelerator not only assists in financing but also plays a crucial role in connecting startups with industry experts, potential partners, and investors, which is vital for scaling operations and achieving market penetration.
Role in Scaling Companies
The EIC Accelerator serves as a catalyst for innovation by enabling companies to transition from conception to commercialization. By supporting the development of groundbreaking technologies, the program encourages companies to pursue ambitious projects that can lead to significant societal and economic benefits. This support is particularly crucial for deep tech companies, which often require substantial investment and time to bring their products to market.
Case Study: RAAAM Memory Technologies Ltd.
RAAAM Memory Technologies Ltd., an EIC Accelerator winner, has developed a project known as GCRAM (Generalized CMOS RAM). This project focuses on the full qualification, testing, and commercial deployment of a unique on-chip memory technology that provides the highest-density embedded memory within a standard CMOS (Complementary Metal-Oxide-Semiconductor) process. The EIC Accelerator funding will help RAAAM Memory Technologies in its efforts to finalize the development and market introduction of this innovative memory solution.
Technology Overview
The GCRAM technology stands out due to its ability to integrate high-density memory directly onto chips using standard CMOS fabrication processes. Traditional memory solutions often face limitations in density, speed, and power consumption. GCRAM addresses these challenges by utilizing advanced engineering techniques that enhance memory performance while maintaining compatibility with existing semiconductor manufacturing processes.
The underlying principle of GCRAM lies in its innovative architecture, which allows for increased memory capacity without compromising speed or energy efficiency. This technology aims to meet the growing demands of various applications, including artificial intelligence, machine learning, and Internet of Things (IoT) devices, where high-performance and low-power memory solutions are imperative.
Conclusion
In summary, the EIC Accelerator program plays a vital role in empowering innovative startups like RAAAM Memory Technologies Ltd. by providing essential funding and support to bring groundbreaking technologies to market. The blended finance model, comprising grants and equity investments, enables companies to navigate the challenges of scaling operations and accessing private sector funding. Through initiatives like the GCRAM project, the EIC Accelerator contributes significantly to the advancement of the European deep tech landscape, fostering innovation that can have a lasting impact on various industries.
2 The Funding Rounds
RAAAM Memory Technologies Ltd. — Financing and Funding Overview Since EIC Accelerator Win
Company: RAAAM Memory Technologies Ltd.
Country: Israel
EIC Accelerator Step 2 Submission and Win Date: March 13, 2024
Financing Raised
- Total Funding (as of March 2025): Approximately $6.7 million
- EIC Accelerator Award (July 2024):
- Total: €5.25 million
- €2.5 million as initial grant
- €2.75 million as future equity investment from the EIC Fund
- Seed Round (April 2024):
- Amount: $4 million
Funding Rounds, Timing, and Amounts
| Date | Round | Amount | Investors/Notes |
|---|---|---|---|
| April 15, 2024 | Seed | $4M | Serpentine Ventures, J-Ventures, HackCapital, Silicon Catalyst Angels, Claves Investments, Large multinational semiconductor company as strategic investor |
| July 28, 2024 | Grant/Equity | €5.25M | European Innovation Council Accelerator (€2.5M grant + €2.75M equity via EIC Fund) |
Announcement date for EIC funding.
Investor Information
Investors in RAAAM Memory Technologies include: - Serpentine Ventures
- J-Ventures
- HackCapital
- Silicon Catalyst Angels
- Claves Investments
- A large multinational semiconductor company (strategic investor)
- European Innovation Council Fund (equity component)
Additional Information Related to Funding Rounds
The seed funding was raised to commercialize their Gain Cell RAM (GCRAM) technology—a drop-in replacement for SRAM that promises significant reductions in silicon area and power consumption for system-on-chip designs. The funds are being used primarily to expand operations and further research & development activities.
The EIC award serves both as financial support and validation of the company's innovative memory technology platform by a leading European innovation institution.
RAAAM’s founding team comprises four PhDs with expertise in Very Large Scale Integration design from Bar-Ilan University and EPFL Lausanne.
Company Valuations & Exit Events
As of May 2025:
- No public disclosure of company valuation figures is available.
- No announced exit events such as IPOs or acquisitions have occurred.
Market capitalization is listed as "undisclosed" on financial tracking platforms.
Sources
- RAAAM Memory Technologies closes $4M Seed round
- RAAAM Memory Technologies Secures €5.25M from the European Innovation Council
- Startup Nation Finder RAAAM Profile
- Startup Nation Finder Financials
- Parsers VC Profile on RAAAM
- FinSMEs Coverage—$4M Seed Funding Announcement
- Dealroom Company Data—RAAAM Investors List
3 The Press Releases
RAAAM Memory Technologies: Advancements and Partnerships Post-EIC Accelerator Funding Israel-based RAAAM Memory Technologies Ltd., a 2021 semiconductor startup specializing in on-chip memory solutions, has secured significant momentum following its participation in the EIC Accelerator program. The company’s patented Gain-Cell Random Access Memory (GCRAM) technology addresses critical bottlenecks in modern Systems-on-Chip (SoCs), where embedded SRAM often occupies up to 75% of chip area in AI/ML applications[^1^].Key Developments
- Funding Milestones: In April 2024, RAAAM closed a $4M seed round with Serpentine Ventures, J-Ventures, and strategic investors[^2^]. By July 2024, it announced an additional €5.25M ($5.8M) from the European Innovation Council (EIC), comprising grants and equity[^3^].
- Technology Validation: GCRAM reduces SRAM cell size by half using only three transistors per bit instead of six to eight, while cutting power consumption by fivefold. It has been validated on Bulk CMOS, FD-SOI, and FinFET processes at leading foundries[^4^].
- Partnerships: A collaboration with NXP Semiconductors aims to integrate GCRAM into high-density memory solutions for automotive and industrial SoCs[^5^]. RAAAM also works with a top TSMC customer on a 5nm test chip slated for early 2025[^6^].
Strategic Roadmap
RAAAM is developing compiler tools for custom IP blocks and expanding its licensable macro library. The company targets sub-5nm node qualification by mid-2025 to position GCRAM as an industry-standard SRAM alternative^7^.Sources
[RAAAM Closes $4M Seed Round
RAAAN-NXP Collaboration
R&D Progress Toward Sub-5nm Nodes
4 The Technology Advancements
RAAAM Memory Technologies: Post-EIC Accelerator Funding AdvancementsRAAAM Memory Technologies Ltd., an Israeli-Swiss semiconductor startup, has demonstrated significant progress since securing €5.25 million from the European Innovation Council (EIC) in mid-2024. The funding, comprising a €2.5 million grant and a planned €2.75 million equity investment, aims to commercialize its Gain-Cell RAM (GCRAM) technology as a drop-in replacement for power-hungry SRAM in advanced chips.
Core Capabilities and EIC-Driven Progress
- Technology Validation: GCRAM has been silicon-validated in bulk CMOS, FD-SOI, and FinFET processes down to 16nm nodes, with successful evaluations in 5nm.
- Performance Metrics: The 3T DRAM-based architecture reduces die area by 50% and power consumption by up to 10x compared to SRAM while operating at voltages as low as 450mV.
- Process Compatibility: Maintains standard CMOS compatibility without requiring additional masks or process steps.
Post-Funding Developments
Commercialization Status
While no public clinical trials apply (as this is semiconductor tech), RAAAM has engaged NXP for product integration—a critical step toward market adoption. No new patents or whitepapers are explicitly cited post-EIC funding, though their existing portfolio includes patented charge-amplification techniques enabling extended refresh periods compared to conventional DRAM^(see footnote).Sources
RAAAM Memory Technologies Secures 5.25M€ from the European Innovation Council [July 2024] | RAAAM awarded €5.5m by EIC [July 2024] | NXP Collaboration Announcement [September 2024] | $4M Seed Round Details [April 2024]
Footnotes: Patent details derive from earlier disclosures about "patented charge amplification" methods but lack explicit post-July updates per available data.
5 The Partnerships and Customers
RAAAM Memory Technologies Ltd.: Strategic Partnerships and Market Positioning Post-EIC Accelerator FundingKey Partnerships and Customers
RAAAM Memory Technologies has established strategic collaborations to advance its Gain-Cell RAM (GCRAM) technology, a high-density on-chip memory solution aimed at replacing SRAM in advanced semiconductor applications.
- NXP Semiconductors: In September 2024, RAAAM announced a partnership with NXP to integrate GCRAM into high-density memory solutions. The collaboration focuses on overcoming SRAM scaling limitations in sub-10nm nodes, particularly for AI, automotive ADAS, and image processing applications.
- Unnamed Fabless Partner: RAAAM secured a licensee among TSMC’s top 10 customers, which also participated as a strategic investor in its $4 million seed round.
- TSMC Collaboration: The company is working with TSMC to tape out 5nm GCRAM test chips by early 2025. Successful validation could lead to licensable hard macros for broad industry adoption.
Nature of Relationships and Market Impact
These partnerships enable RAAAM to position itself as an IP licensor for next-generation embedded memories. By targeting AI/ML accelerators, automotive systems, and data center chips—markets where SRAM dominates 50–75% of die area—the company aims to reduce silicon costs while improving power efficiency.
The NXP collaboration validates GCRAM’s technical feasibility for commercial products, while the unnamed licensee accelerates adoption in high-volume applications. Proximity to TSMC ensures compatibility with cutting-edge nodes (e.g., 5nm FinFET), critical for competitiveness against emerging memory technologies like MRAM or FeRAM.
Technology Advancements and Scaling
RAAAM’s roadmap includes:
- Process Migration: Qualifying GCRAM for sub-5nm nodes using standard CMOS processes without additional masks or costs.
- Compiler Development: Creating customizable IP blocks via automated compiler tools to support diverse customer requirements.
Sources
RAAAN partners with NXP | Seed funding details | EIC grant announcement | TSMC collaboration6 The Hiring and Company Growth
RAAAM Memory Technologies Ltd.
RAAAM Memory Technologies Ltd., an Israeli startup, has shown significant growth and developments since its founding in 2021. The company specializes in Very Large-Scale Integration (VLSI) design and focuses on providing cost-effective on-chip memory solutions. Here's a detailed overview of their team growth and recent developments:
Team Growth and Current Size
While the exact current headcount is not specified, RAAAM has expanded its leadership team with the addition of Eli Leizerovitz as Chief Business Officer and Eran Rotem as VP R&D in recent months. These appointments highlight the company's strategic moves towards commercialization and scaling its innovative memory technology.
Hiring Status
There is no explicit information on whether RAAAM is currently hiring. However, the expansion of their leadership team indicates active efforts to enhance their organizational capabilities.
Growth
RAAAM has grown significantly since its inception, marked by the development of its patented Gain-Cell Random Access Memory (GCRAM) technology. This technology offers substantial improvements over traditional SRAM, reducing area by half and power consumption by a factor of five. The company's growth is further underscored by a successful $4 million seed round funding, which includes investments from notable venture firms and a strategic partnership with a multinational semiconductor company.
Key Positions and Recent Hires
Two key recent hires include: - Eli Leizerovitz as Chief Business Officer, bringing over 30 years of experience in the semiconductor industry, including roles at Qualcomm and Airspan. He is responsible for building the global sales strategy and aligning product and business development strategies.
Impact of New Team Members
The addition of Eli Leizerovitz and Eran Rotem is crucial for RAAAM’s future growth. Leizerovitz’s expertise will help drive customer engagements and revenue growth, while Rotem’s technical leadership will accelerate the commercialization of RAAAM’s innovative memory solutions. These hires position RAAAM for significant scaling and market penetration in the semiconductor industry.
Management and Founding Team Changes
There are no reported changes in the founding team. However, the appointments of Eli Leizerovitz and Eran Rotem represent significant additions to the management team, enhancing the company's strategic and operational capabilities.
Sources: - RAAAM Technologies
- RAAAM Memory Technologies Closes $4M Seed Round
- Team - RAAAM Technologies
- RAAAM wants to shrink SRAM on-chip memory
- RAAAM Memory Technologies Closes $4M Seed Round
- RAAAM Memory Technologies Expands Leadership Team
- RAAAM Expands Leadership Team
- RAAAM Memory Technologies: $4 Million Raised
7 The Media Features and Publications
RAAAM Memory Technologies Ltd.: A Groundbreaking EIC Accelerator Winner
RAAAM Memory Technologies Ltd., an innovative Israeli start-up, has been making significant strides in the semiconductor industry since being awarded funding from the European Innovation Council (EIC) Accelerator in March 2024. This recognition and financial support have further propelled the company's mission to revolutionize on-chip memory solutions.
Media Features and Publications
Several publications have highlighted RAAAM Memory Technologies Ltd. for its pioneering work in developing Gain-Cell Random Access Memory (GCRAM) technology. This technology is noted for reducing silicon area by up to 50% and power consumption by a factor of up to 10 compared to traditional SRAMs. RAAAM has been featured in industry-specific platforms like SemiWiki.com, where CEO Robert Giterman discussed the company's achievements and future plans.
Podcasts and Interviews
Robert Giterman, CEO of RAAAM Memory Technologies, has participated in significant interviews, including one with SemiWiki.com. In this interview, he detailed the company's GCRAM technology and its implications for the semiconductor industry.
Conferences and Event Participation
RAAAM Memory Technologies has been actively involved in various industry events and conferences. The company aims to present its technology and participate in discussions about future advancements in on-chip memory solutions. Although specific conference details are not widely available in the provided sources, RAAAM's engagement with leading semiconductor companies and participation in incubators like Silicon Catalyst suggest a strong presence in industry forums.
Involvement in Events
RAAAM's involvement in events is highlighted by its participation in incubators and collaborative projects with major semiconductor companies. The company was admitted to Silicon Catalyst, which offers a comprehensive network of partners and investors, further indicating its active role in industry events and collaborations.
EIC Accelerator Funding and Impact
Receiving the EIC Accelerator funding has been a significant milestone for RAAAM Memory Technologies. The award of 5.25 million euros, consisting of a 2.5 million euro grant and a potential 2.75 million euro equity investment, not only provides financial support but also validates the company's innovative technology. This funding will help RAAAM advance its GCRAM technology, further positioning it as a leader in cost-effective on-chip memory solutions.
Future Outlook
With the EIC funding and ongoing collaborations, RAAAM Memory Technologies is poised to continue its growth and technological advancements. The company aims to migrate its GCRAM technology to smaller process nodes, ensuring its solutions remain competitive in the rapidly evolving semiconductor landscape.
Sources: - News - RAAAM Technologies
- RAAAM Memory Technologies Secures 5.25M€ from the European Innovation Council
- RAAAM Memory Technologies Closes $4M Seed Round to Commercialize Super Cost Effective On-Chip Memory Solutions
- Interview on SemiWiki.com
- RAAAM Technologies | provides the highest-density embedded ...
- CEO Interview: Dr. Robert Giterman of RAAAM Memory Technologies
- RAAAM™ Memory Technologies Ltd. Strengthens its Corporate Structure
- Team - RAAAM Technologies
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