Our portfolio company FMC has successfully closed a EUR 100 million investment round. The round is a significant milestone for the company, underscoring FMC's position as an emerging semiconductor technology startup in Europe.
We first invested in FMC in 2020, co-leading the Series B. In 2024, Thomas Rueckes was appointed CEO. Since joining FMC, Thomas has transformed FMC into a product company that is well on its way to becoming a force to be reckoned with in a highly competitive industry.
Thomas Rückes, CEO of FMC: “We are working on the next generation of memory chips and system solutions that are not only more sustainable and energy efficient, but also faster and less expensive than the current industry standard. While bandwidth has so far been the dominant metric of AI compute, energy efficiency is now becoming the key factor for the next generation of AI. Memory chips are the main bottleneck in the AI stack. Our DRAM+ and 3D CACHE+ technology addresses precisely this issue: Faster and more energy-efficient than established products. This lays the foundation for scaling up AI data centres and AI edge applications.”
For more information, read the press release on FMC's website.