By Greg Gao

(JW Insights) May 6 -- Inston(凌存科技), a Chinese MeRAM startup, announced on May 5 that it completed Pre-A round financing in tens of millions of RMB led by Qianrong Yuanfeng Venture Capital, a subsidiary of QianRong Holding Group, with participation from NationalChip, Chuangyao Technology, and Creation Venture. 

The funds it raised will help the company accelerate the commercialization of its 3rd generation MeRAM(Magnetoelectric Random Access Memory), a high-speed, low-power, and high-density magnetic memory storage.

Founded in 2021 and based in Suzhou, a semiconductor hub in eastern China’s Jiangsu Province, Inston specializes in developing 3rd generation voltage-controlled MRAM. The company has been granted multiple core patents related to device design, circuit design, materials, and process integration.

The company has developed the world’s first high-speed, high-density, and low-power storage MeRAM prototype and a true random number generator based on MeRAM, said the company.

Inston has a team of senior experts with international and domestic experience in magnetic memory research and development. The team is the first to commercialize MeRAM technology. The team members are mainly from well-known universities and semiconductor companies. Their technical expertise covers circuit design, semiconductor process technology integration, and nano-magnetic materials, according to QianRong Holding Group.