Fundraising Fox
Crossbar
Santa Clara, US · Founded 2010 · 67 employees on LinkedIn · 6 known investors
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CrossBar develops ReRAM-based semiconductor technology and secure silicon architectures, including its DARIC secure processing unit that integrates compute, cryptographic acceleration, and ReRAM memory on a single chip. The company applies this to open-source, verifiable hardware wallets and on-device multi-party computation (MPC) for cryptographic key management.
Founders & leadership
Crossbar was founded in 2010 by George Minassian, Hagop Nazarian, and Sung Hyun Jo.
HN
Hagop NazarianSr. Vice President, Cofounder & Fellow2010–2023Hagop Nazarian is a co-founder and former SVP at Crossbar, where he spent 13 years developing ReRAM technology and leading engineering teams, and previously held VP-level roles at Spansion and Micron Technology, where he oversaw NAND design initiatives including the company's first 90nm NAND device.
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Sung Hyun JoFounder & CTOSung Hyun Jo is Founder and CTO of CrossBar, a semiconductor company developing ReRAM-based secure processing architectures. With 15+ years of experience in memory technologies, neuromorphic systems, and hardware/software security, he holds numerous patents and publications in semiconductor design, cryptography, and systems security.
MD
Mark DavisCEOMark Davis is a semiconductor engineer who founded VIA Telecom, which shipped over 130 million cellular chipsets before its acquisition by Intel in 2015. He subsequently worked in cellular systems and helped establish the ACJA, and now leads CrossBar, which develops resistive RAM-based semiconductors and secure processing architectures.
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Elaine WangCBOElaine Wang holds a Ph.D. in biomedical sciences from Columbia and Stanford, and has worked as an entrepreneur, startup advisor, and impact investor focused on sustainable development goals.
WL
Wei LuFounder
Board
TW
Tim WilsonBoard director
WY
Wijie YunBoard director
LY
Lei YangBoard director
WH
ST
Investors · 6
Correlation Ventureslisted by Correlation VenturesSan Francisco · $100K – $4M
How we know: Correlation Ventures's portfolio page · funding news · techcrunch.com · Not right? Tell us
Kleiner Perkinslisted by Kleiner PerkinsMenlo Park · $500K – $15M
How we know: funding news · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us
Artiman VenturesreportedPalo Alto · $2M – $6M
How we know: funding news · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us
Matter Venture PartnersinferredSilicon Valleyvia Wen Hsieh · board
How we know: board seat on SEC Form D · Not right? Tell us
Northern Light Venture CapitalreportedMenlo Park
How we know: funding news · techcrunch.com · Not right? Tell us
Funding
SEC filings, press & company announcements$112.9M disclosed across 6 of 8 rounds · 2012–2023
- Undisclosed amountSeed RoundApr 2022Source ↗
▶$5.2MraisedJan 2024 · 5 investors · Other TechnologyRule 506(b)
▶$5.2MraisedJan 2024 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Shicheng WeiExecutive Officer
- Weijie YunDirector
- Ker ZhangExecutive Officer, Director
- Lei YangDirector
- Sherman WanExecutive Officer
- Amit ShahDirector
- Brian LiExecutive Officer
- Wen HsiehDirector
- Mark DavisExecutive Officer
- Offering amount
- $5.2M
- Amount sold
- $5.2M
- First sale
- Nov 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20.1MraisedAug 2019 · 9 investors · OtherRule 506(b)
▶$20.1MraisedAug 2019 · 9 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Ker ZhangDirector
- Weijie YunDirector
- Lei YangDirector
- Tim WilsonDirector
- Wen HsiehDirector
- Nabeel SubainatiExecutive Officer
- Hagop NazarianExecutive Officer
- George MinassianExecutive Officer, Director
- Subodh TopraniDirector
- Offering amount
- $25M
- Amount sold
- $20.1M
- First sale
- Aug 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$15.4MraisedNov 2018 · 12 investors · OtherRule 506(b)
▶$15.4MraisedNov 2018 · 12 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Tim WilsonDirector
- Lei YangDirector
- George MinassianExecutive Officer, Director
- Anne DormanExecutive Officer
- Hagop NazarianExecutive Officer
- Subodh TopraniDirector
- Weijie YunDirector
- Wen HsiehDirector
- Offering amount
- $22M
- Amount sold
- $15.4M
- First sale
- Nov 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$14.5MraisedOct 2017 · 19 investors · OtherRule 506(b)
▶$14.5MraisedOct 2017 · 19 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Lei YangDirector
- Hagop NazarianExecutive Officer
- George MinassianExecutive Officer, Director
- Subodh TopraniDirector
- Wen HsiehDirector
- Weijie YunDirector
- Anne DormanExecutive Officer
- Tim WilsonDirector
- Offering amount
- $15M
- Amount sold
- $14.5M
- First sale
- Sep 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$34.2MraisedSep 2015 · 20 investors · Other TechnologyRule 506(b)
▶$34.2MraisedSep 2015 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Tim WilsonDirector
- George MinassianExecutive Officer, Director
- Hagop NazarianExecutive Officer
- Wijie YunDirector
- Lei YangDirector
- Subodh TopraniDirector
- Anne DormanExecutive Officer
- Wen HsiehDirector
- Offering amount
- $35M
- Amount sold
- $34.2M
- First sale
- Aug 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$23.5MraisedMar 2014 · 17 investors · Other TechnologyRule 506(b)
▶$23.5MraisedMar 2014 · 17 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- George MinassianExecutive Officer, Director
- Lei YangDirector
- Hagop NazarianExecutive Officer
- Wen HsiehDirector
- Subodh TopraniDirector
- Tim WilsonDirector
- Anne DormanExecutive Officer
- Offering amount
- $25.5M
- Amount sold
- $23.5M
- First sale
- Mar 2014
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Crossbar do?
- CrossBar develops ReRAM-based semiconductor technology and secure silicon architectures, including its DARIC secure processing unit that integrates compute, cryptographic acceleration, and ReRAM memory on a single chip. The company applies this to open-source, verifiable hardware wallets and on-device multi-party computation (MPC) for cryptographic key management.
- Who founded Crossbar?
- Crossbar was founded by George Minassian, Hagop Nazarian, Sung Hyun Jo in 2010.
- Who are Crossbar's investors?
- Crossbar's investors include Correlation Ventures, Kleiner Perkins, Tyche Partners, Artiman Ventures, Matter Venture Partners, Northern Light Venture Capital.
- How much funding has Crossbar raised?
- Crossbar has disclosed $112.9M raised across 6 of its 8 known rounds.
- Where is Crossbar headquartered?
- Crossbar is headquartered in Santa Clara, US.