Micron Ventures

Micron Ventures is the venture capital arm of Micron Technology, Inc., focused on early-stage investments in technology startups. Established in 2006 and based in Boise, Idaho, it primarily targets companies developing memory solutions, semiconductor processing technologies, imaging technologies, and various disruptive innovations in the semiconductor sector. Micron Ventures typically invests around $100 million in portfolio companies over a ten-year horizon. The investment strategy aligns with Micron's broader expertise in memory and storage technologies, as the parent company is a leading player in the semiconductor industry, known for its dynamic random access memory (DRAM) and NAND flash products. Micron Technology serves a diverse global customer base across sectors such as computing, networking, and automotive, leveraging its extensive research and development efforts to foster innovation and growth.

Sanjay Mehrotra

CEO, President and Board Member

Darren Young

Director, Corporate Development

39 past transactions

READY Robotics

Venture Round in 2022
READY Robotics enables manufacturers to more easily deploy robots to the factory floor through a patented technology platform that combines a very easy to use programming interface and plug'n'play hardware. The company encourages manufacturers to be more competitive through the line of intuitive-to-use, easy to control industrial robotic software called Forge, which is a suite of products that requires minimum installation effort, no robotic or programming experience necessary. READY Robotics was founded on 2016 and is headquartered in Columbus, Ohio.

Red Leader

Series A in 2022
Red Leader Technologies, Inc. was incorporated in 2018 and is based in Palo Alto, California.

holo|one

Series A in 2022
holo | one is a Swiss IT start-up specializing in the development of augmented reality applications for companies. Their goal is to use our products and expertise to revolutionize industries and redefine work processes and processes.
Universiti Sains Malaysia is a school in Penang.

WEKA

Series C in 2022
WekaIO has built the world's fastest parallel file system, designed to solve the performance challenges in AI deep learning and technical computing. Matrix, WekaIO’s flagship product, leapfrogs legacy storage infrastructures by delivering the highest performance, lowest latency storage at a fraction of the cost or traditional NAS. WekaIO's software provides a seamless hybrid cloud solution between on-premises data centers and the public cloud. WekaIO has customers in several high performance markets including autonomous vehicle AI training, genomics, financial modeling, EDA, software development, satellite imaging and media and entertainment.

Pryon

Funding Round in 2021
Pryon Inc. is an artificial intelligence company headquartered in Raleigh, North Carolina, that specializes in augmented intelligence solutions for enterprises. Founded in 2017, Pryon has developed a platform that enhances the capabilities of employees by facilitating access to knowledge and streamlining workflows. The platform intelligently orchestrates information across various channels and sources, utilizing advanced AI techniques such as natural language processing and context awareness. This enables organizations to navigate unstructured data more effectively, improve decision-making, and reduce operational complexities and costs. Through its innovative approach, Pryon aims to support businesses in their digital transformation efforts by making knowledge more accessible and actionable.

Adapdix

Funding Round in 2021
Adapdix specializes in providing a software platform designed to optimize Artificial Intelligence (AI) and Machine Learning (ML) at the edge for enterprises. Its Adapdix EdgeOps™ platform enhances equipment uptime, reduces supply chain and logistics costs, and improves productivity for remote workers. The software automates real-time operational and business decisions, facilitating the scaling of AI technologies across organizations. By integrating machine learning and AI, Adapdix enables ultra-low-latency predictive maintenance and control, allowing clients to effectively detect and prevent faults while automating self-correcting actions. The company has successfully implemented its solutions in collaboration with leading industrial firms and OEM/machine equipment partners, achieving significant operational advancements.

DayTwo

Series B in 2021
DayTwo Ltd. is a precision medicine company based in Tel Aviv-Yafo, Israel, that focuses on using gut microbiome analysis to provide personalized health solutions for metabolic diseases such as diabetes, prediabetes, and obesity. Founded in 2015, the company utilizes gut microbiome sequencing to create tailored Food Prescriptions™ that help individuals manage their blood sugar levels, improve energy, and achieve weight loss. Their digital platform offers actionable dietary recommendations based on individual biometrics and lifestyle factors, ensuring that patients receive insights that are practical and easy to follow. DayTwo also employs a telehealth service, where Certified Diabetes Care and Education Specialists and Registered Dietitians support patients through a smartphone application, allowing for progress tracking and communication. The effectiveness of DayTwo's approach is measured using clinical outcomes such as A1C levels and Time In Range, with the potential for full fee reimbursement for those who adhere to the protocol.

Aqua Membranes

Venture Round in 2021
Aqua Membranes LLC specializes in the manufacture of reverse osmosis (RO) membrane filtration systems for both commercial and household applications. Founded in 2011 and based in Albuquerque, New Mexico, the company utilizes innovative three-dimensional printed spacer technology to enhance membrane performance. This technology replaces traditional extruded mesh feed spacers with customized raised patterns that optimize flow patterns and turbulence, effectively reducing the entrapment of particulates and organic fouling. As a result, Aqua Membranes' products achieve increased permeate flow, improved flux and recovery, lower system pressure drop, and extended operational life for membrane elements. The technology is particularly beneficial for spiral-wound membrane manufacturers looking to enhance their product offerings, providing durable and low-maintenance solutions that can handle challenging feed conditions. Additionally, Aqua Membranes' advanced designs significantly lower both capital and operating expenses associated with membrane plant operations.

Adapdix

Series A in 2020
Adapdix specializes in providing a software platform designed to optimize Artificial Intelligence (AI) and Machine Learning (ML) at the edge for enterprises. Its Adapdix EdgeOps™ platform enhances equipment uptime, reduces supply chain and logistics costs, and improves productivity for remote workers. The software automates real-time operational and business decisions, facilitating the scaling of AI technologies across organizations. By integrating machine learning and AI, Adapdix enables ultra-low-latency predictive maintenance and control, allowing clients to effectively detect and prevent faults while automating self-correcting actions. The company has successfully implemented its solutions in collaboration with leading industrial firms and OEM/machine equipment partners, achieving significant operational advancements.

Drishti

Series B in 2020
Drishti Technologies, Inc. specializes in artificial intelligence-based computer vision solutions designed for visual inspections in manufacturing processes. Founded in 2016 and headquartered in Mountain View, California, with an additional office in Bengaluru, India, the company offers a software as a service solution that leverages video analytics and traceability to enhance productivity, quality, and training on manual assembly lines. Drishti's technology digitizes human actions, providing real-time, non-intrusive observations that enable manufacturers to improve operational efficiency. It serves primarily the electronics and automotive industries by facilitating the training of new employees, cross-training existing staff, and identifying high-performing workers who innovate within their roles. This approach not only aids in digital transformation but also helps workers remain competitive in an increasingly automated environment.

Taranis

Series C in 2020
Taranis is a precision agriculture intelligence platform that leverages advanced computer vision, data science, and deep learning algorithms to monitor agricultural fields effectively. The platform assists farmers in making informed decisions by identifying early signs of various issues, including weeds, nutrient deficiencies, diseases, insect infestations, water damage, and machinery problems. By overseeing millions of acres across countries such as Argentina, Brazil, Russia, Ukraine, and the United States, Taranis provides real-time insights that help farmers enhance their yields and reduce costs. Headquartered in San Francisco, Taranis operates with a team of over 100 employees and has subsidiaries in Israel, Argentina, and Brazil.

Nexar

Series C in 2020
Nexar Ltd., founded in 2015 and based in Tel Aviv Yafo, Israel, specializes in developing a mobile application designed to enhance road safety and reduce the likelihood of collisions. The company's primary product, a dashcam application, utilizes artificial intelligence, machine vision, and sensor fusion to analyze driving conditions and detect potential hazards. It records video footage while driving and can identify incidents such as hard brakes or accidents, automatically creating incident reports that are uploaded to the cloud. This technology not only aids in documenting accidents for insurance claims but also provides real-time alerts and insights about surrounding vehicles, fostering a safer driving environment. By leveraging inter-vehicle networking, Nexar aims to transform every vehicle into a smart car, contributing to the establishment of a comprehensive safe driving network.

Atlas AI

Series A in 2020
Atlas AI P.B.C is a technology company based in Palo Alto, California, founded in 2018. The company specializes in artificial intelligence-based API software aimed at promoting sustainable development, particularly in emerging markets. Through its web platform, Atlas AI employs machine learning to provide decision-makers with insights that enhance planning, management, and assessment of investments and development programs. The software generates reliable socioeconomic estimates related to agricultural productivity, household asset wealth, and access to essential infrastructure, such as power and transportation. By constructing these measures for Sub-Saharan Africa, Atlas AI enables both private and public organizations to effectively allocate resources and monitor high-stakes initiatives, ultimately advancing economic well-being in the regions they serve.

READY Robotics

Series B in 2020
READY Robotics enables manufacturers to more easily deploy robots to the factory floor through a patented technology platform that combines a very easy to use programming interface and plug'n'play hardware. The company encourages manufacturers to be more competitive through the line of intuitive-to-use, easy to control industrial robotic software called Forge, which is a suite of products that requires minimum installation effort, no robotic or programming experience necessary. READY Robotics was founded on 2016 and is headquartered in Columbus, Ohio.

FWDNXT

Acquisition in 2019
FWDNXT Inc., founded in 2016 and based in West Lafayette, Indiana, develops and markets artificial intelligence software leveraging deep learning and neural networks. As a subsidiary of Micron Technology, the company specializes in creating a mobile co-processor aimed at enhancing the performance of deep neural networks, particularly in image recognition and classification tasks. The FWDNXT Inference Engine is notable for its high utilization rates among machine-learning processors, effectively optimizing computational efficiency by processing multiple information streams. This integration of deep learning techniques with augmented reality applications allows clients to achieve maximum performance while minimizing energy consumption.

Mythic

Series B in 2019
Mythic Inc. is a technology company that specializes in designing and developing silicon chips and artificial intelligence (AI) processing units. Founded in 2012 and headquartered in Redwood City, California, with an office in Austin, Texas, Mythic focuses on creating analog matrix processors that enable AI capabilities across a range of devices, from fitness bands and hearing aids to self-driving cars and robotic drones. The company’s flagship products include the M1076 Analog Matrix Processor and various PCIe and M.2 cards. Mythic's technology integrates hybrid digital and analog computations within flash arrays, providing desktop-grade compute power in a compact form factor while maintaining performance, energy efficiency, and accuracy. The company has assembled a diverse team of experts in neural networks, software design, and processor architecture to advance AI deployment in real-world environments.

Lightbits Labs

Venture Round in 2019
Lightbits Labs, founded in 2015 and headquartered in San Jose, California, specializes in developing innovative data storage solutions for enterprise private clouds, Software-as-a-Service, and Infrastructure-as-a-Service providers. The company offers LightOS, a Software Defined Storage platform that seamlessly integrates with existing data center infrastructure, alongside the LightField Storage Acceleration Card, which enhances the performance of the LightOS stack. Lightbits Labs aims to transform storage and networking practices in cloud data centers, providing a comprehensive data platform that supports hybrid cloud and cloud-native environments. Its solutions are designed to improve data center agility and cost efficiency, allowing clients to scale their storage infrastructure effectively. With a global presence, including offices in Israel and New York, the company has garnered support from notable investors such as Dell Technologies Capital and Cisco Investments.

IM Flash

Acquisition in 2018
IM Flash manufactures flash memory chips. It primarily offers non-volatile memory for Intel and Micron. IM Flash's flash memory is found in phones, solid state drives, tablets, and Ultrabooks. Keyvan Esfarjani and Jason Dunn founded it in January 2006. IM Flash's headquarters is in Lehi in Utah. It operates as a subsidiary of Micron Technology, Inc.

CNEX Labs

Series C in 2017
CNEX Labs, Inc. is a developer of semiconductor storage solutions, specializing in NVMe PCIe SSD controller ASICs that support LightNVM/Open-Channel operations. Founded in 2013 and headquartered in San Jose, California, the company also has offices in Copenhagen, Shanghai, Hangzhou, and Tokyo. CNEX's products are designed for cloud, hyperscale, and enterprise data centers, offering high performance, low and predictable latency, and flexibility for software-defined storage. The controllers facilitate enhanced capabilities in big data computing and analytics, allowing customers to create differentiated SSD solutions across various form factors such as M.2, U.2, and EDSFF. By partnering with solid-state storage manufacturers and systems customers, CNEX Labs aims to drive innovation in storage technologies necessary for modern data demands.

CNEX Labs

Series C in 2017
CNEX Labs, Inc. is a developer of semiconductor storage solutions, specializing in NVMe PCIe SSD controller ASICs that support LightNVM/Open-Channel operations. Founded in 2013 and headquartered in San Jose, California, the company also has offices in Copenhagen, Shanghai, Hangzhou, and Tokyo. CNEX's products are designed for cloud, hyperscale, and enterprise data centers, offering high performance, low and predictable latency, and flexibility for software-defined storage. The controllers facilitate enhanced capabilities in big data computing and analytics, allowing customers to create differentiated SSD solutions across various form factors such as M.2, U.2, and EDSFF. By partnering with solid-state storage manufacturers and systems customers, CNEX Labs aims to drive innovation in storage technologies necessary for modern data demands.

Inotera

Acquisition in 2015
Inotera Memories, Inc., an advanced wafer fabrication company, manufactures and sells semiconductor products in Taiwan, the United States, Singapore, and Japan. The company provides dynamic random access memory (DRAM) foundry services. Its services comprise photolithograph printing, etching, thin filming, diffusion, ion implanting, and chemical mechanical polishing of wafers. The company also offers DRAM products, such as 20nm 4GB DDR3 SDRAM, 30nm 2GB DDR3 SDRAM, 30nm 4GB DDR3 SDRAM, 30nm 4GB DDR2 low power SDRAM, and 30nm 4GB DDR4 SDRAM. Inotera Memories, Inc. was founded in 2003 and is headquartered in Taoyuan City, Taiwan. As of December 6, 2016, Inotera Memories Inc. operates as a subsidiary of Micron Semiconductor Taiwan Co. Ltd.

Tidal Systems

Acquisition in 2015
TiDAL Systems is a manufacturer and distributor of IT-related products, specializing in flash-based storage solutions. Founded in 2013, the company offers a diverse product portfolio that includes DRAM, DRAM modules, solid state drives (SSDs), NAND flash, managed NAND, NOR flash, hybrid memory cubes, and multichip solutions. TiDAL Systems serves a variety of industries, including automotive, data centers, embedded memory, storage data security, and supercomputing, providing tailored solutions to meet the specific needs of its clients.

Convey Computer

Acquisition in 2015
Convey Computer specializes in the development and production of hybrid-core computers, targeting sectors such as oil and gas, financial analytics, and bioinformatics. The company's offerings include hybrid-core computing solutions, compilers, personality development kits for coprocessors, and cluster framework technology for data centers. One of its notable products, Convey GraphConstructor, integrates software and hardware designed to accelerate bioinformatics algorithms, assisting researchers in managing and analyzing growing volumes of data. With a team comprised of industry veterans from reputable companies like Convex Computer Corporation and Hewlett-Packard, Convey Computer leverages decades of experience and intellectual assets to address complex performance challenges in computing.

Pico Computing

Acquisition in 2014
Pico Computing, Inc. specializes in designing and developing hardware accelerator platforms utilizing field programmable gate array (FPGA) technologies. The company offers a range of products, including M-series modules for high-performance computing, E-series small form factor boards, EX-series backplanes, and SC-5 superclusters. In addition to its hardware offerings, Pico Computing provides custom hardware design engineering services tailored to various sectors, including defense, aerospace, industrial, financial, and embedded computing. Its products find applications in areas such as cryptography, networking, signal processing, bioinformatics, and scientific computing, serving embedded systems, military operations, national security, and high-performance computing needs. Founded in 2004 and based in Seattle, Washington, Pico Computing operates as a subsidiary of Micron Technology, Inc.

Rexchip Electronics

Acquisition in 2013
Rexchip Electronics Corporation was established on November 10, 2006, as a 12" DRAM manufacturing joint venture between Taiwan's Powerchip Semiconductor Corporation (PSC) and Japan's Elpida Memory, Inc. Both PSC and Elpida will be providing several key management positions in order to support operations. Rexchip, combining Elpida's advanced R&D strength together with Taiwan's manufacturing efficiency will specialize in the production of high density/high performance DRAM (Dynamic Random Access Memory).

Elpida Memory

Acquisition in 2012
Elpida Memory is a leading manufacturer of Dynamic Random Access Memory (DRAM) integrated circuits. The company's design, manufacturing and sales operations are backed by world class technological expertise. Its 300mm manufacturing facilities, consisting of its Hiroshima Plant and a Taiwan-based joint venture, Rexchip Electronics, utilize the most advanced manufacturing technologies available. Elpida's portfolio features such characteristics as high-density, high-speed, low power and small packaging profiles. The company provides DRAM solutions across a wide range of applications, including personal computers, servers, mobile devices and digital consumer electronics.

VirtenSys

Acquisition in 2012
VirtenSys was formed in 2005 to address a key problem in the IT industry. The IT industry today is caught between a 'rock and a hard place'. On one side IT budgets are severely constrained with analysts predicting single figure percentage growth for the foreseeable future. IT providers are expected to deliver increased value both in terms of reduced asset cost and 'Total Cost of Ownership'. This TCO factor is becoming dominated by issues like floor space, power consumption, thermal management and system maintenance costs. At the same time the workload on IT systems is increasing much faster than the budgets. More importantly however, the dynamics of the workload are also changing. Successful companies need to be more agile in responding to changing business conditions and need an IT infrastructure which can adapt equally fast. New business models are also emerging with analysts predicting that by 2010, 25% of all IT services will be supplied through utility computing models, requiring even more dynamic workload capabilities. To add to this challenge, the size of the industry, particularly with respect to the investment in software and systems, demands an evolutionary forward migration path. The industry does not tolerate 'fork lift' upgrades.

Numonyx

Acquisition in 2010
Numonyx is an independent semiconductor company that creates non-volatile memory design for consumer and industrial devices. With assets and expertise from STMicroelectronics and Intel, Numonyx was funded by global equity firm Francisco Partners in March 2008.

Displaytech

Acquisition in 2009
Displaytech, Inc. makes and sells microdisplays with superior image quality for electronic viewfinders in consumer digital still cameras, camcorders, and mobile communication devices. The low power and compact form factor of Displaytech’s LightView™ microdisplay product line enable innovative end-product design. The patented Ferroelectric Liquid Crystal (FLC) technology at the heart of the Company’s microdisplays is also used in a line of ultra-fast photonics switching products for emerging optical applications. A fabless manufacturing model positions Displaytech to keep pace with the high-volume consumer electronics market.

Edgeware

Series B in 2009
Edgeware provides server systems and associated technology for TV services over the Web and for TV on-demand services in Telco and cable network environments. Edgeware was founded in 2004 with the idea of merging delivery capability of on demand TV and video services into the service provider network, using highly efficient dedicated network appliances. The company is based in Stockholm, Sweden. Addressed applications include Time Shift TV, VoD, nPVR and Ad Insertion for cable and telco deployments, in addition to Web TV applications for CDNs, broadcasters and video service providers. By combining solid-state flash memory and hardware accelerated streaming, Edgeware offers a radically different approach to server architecture. The system solutions include dynamic asset propagation and service management, enabling fully distributable and scalable platforms that dramatically reduce investment and operational costs.

Link_A_ Media

Series B in 2008
Link_A_Media Devices (LAMD) is the new leader in developing and manufacturing custom System-on-Chip (SOC) solutions for peripheral data storage devices, which include hard disk drives (HDDs) and solid-state-drives (SSDs). The SoC solution integrates the Read/Write Channel, disk controller functions, microprocessor(s) and memories, and servo processing for HDD application on a single chip.

Siimpel Corporation

Series D in 2007
Siimpel Corporation, founded in 2000 as SiWave, specializes in the development of high-precision MEMS sensors and optical technologies. Originating from expertise at NASA's Jet Propulsion Laboratory, the company has established itself as a leader in innovation. Siimpel has achieved significant milestones, including the creation of the smallest high port count optical switches and the world's first MEMS horizon sensor. The company has also developed advanced laser ranging systems and compact MEMS components for NASA's Mars rovers. Since 2004, Siimpel has focused on applying its MEMS platform technology to significantly reduce the size of high-performance digital cameras, setting new benchmarks for both size and functionality in mobile devices. Recognized for its groundbreaking contributions, Siimpel has received prestigious awards, including the Advanced Technology Program award from the National Institute of Standards and Technology.

Artificial Muscle

Series B in 2007
Artificial Muscle Inc. is a U.S.-based company located in Menlo Park, California, specializing in the development of polymer components that convert electrical energy into mechanical motion. The company manufactures a range of electro-magnetic actuators and sensing components used in various applications, including medical devices, pumps, sensors, optics, valves, and robotics. Additionally, Artificial Muscle provides a haptic driver solution designed for integration into consumer electronics such as smartphones, gaming controllers, and portable media players. Their products serve as lightweight alternatives to traditional actuators, motors, generators, and speakers, contributing to a diverse range of industries from automotive to audio technology.

Cswitch

Series B in 2006
Cswitch specializes in developing system-on-a-chip semiconductors tailored for networking-based platforms. Founded by a team of experienced semiconductor executives, the company leverages their extensive background in advanced processors and ASIC development to create innovative configurable solutions. In addition to semiconductors, Cswitch provides design tools for configurable switch array devices and offers development and validation boards that facilitate the design and verification of various networking applications. Their focus spans multiple markets, including networking, telecommunications, storage, and wireless base stations, enabling them to address a wide range of industry needs.

Lexar

Acquisition in 2006
Lexar is a well-established global brand specializing in memory solutions, with over 20 years of experience in the industry. The company offers a diverse range of products, including memory cards, USB flash drives, card readers, and solid-state drives, catering to markets such as gaming, professional photography, and personal data storage. Lexar emphasizes quality and reliability, conducting extensive testing on its products in specialized labs equipped with over 1,100 digital devices to ensure optimal performance and compatibility. Lexar's products are widely available through major retail and online stores around the world. For further information and support, consumers can visit the company's official website.

Photobit Corp.

Acquisition in 2001
Photobit Corp. is a supplier of CMOS image sensors.

Rendition, Inc.

Acquisition in 1998
Rendition was a maker of 3D computer graphics chipsets in the mid to late 1990s

NetFRAME Systems

Acquisition in 1997
NetFRAME Systems engaged in the development, manufacture, marketing, and support of clustered network servers for local and wide area networks. These network servers were distributed worldwide primarily through value added resellers and systems integrators.
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