HV Capital and DTCF led a €100m round in FMC.

HV Capital, a growth investor, and DTCF, an investment firm, led a €100m round in FMC, a semiconductor and memory chip company, with participation from Vsquared Ventures, eCAPITAL, Bosch Ventures, Air Liquide Venture Capital, M Ventures, and Verve Ventures. “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. FMC’s 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. Securing an equity financing of this magnitude emphasizes the significance of our technology, and we are grateful to have earned the trust of leading deep-tech investors for our vision,” Thomas Rückes, FMC CEO.