Friday, November 15, 2019

MemComputing's Founder Gets $500K In Grant From DARPA

The co-founder of San Diego-based startup MemComputing, UC San Diego professor Max Di Ventra, has received a $500,000 grant from the Defense Advanced Research Projects Agency (DARPA), to advance the research behind MemComputing's computing technology. According to UC San Diego, the funding will go towards exploring the use of new computing technology in the area of artificial intelligence (AI). That technology--"memcomputing"--is the basis of MemComputing's products. The technique revolves around an architecture Di Ventra and his group says combines "memory" and "compute" and driven by a specialized "computational memory" unit, with performance that resembles quantum computing—without the overwhelming computational overhead. MemComputing is one of the company's on the San Diego Venture Group's 2019 Cool Companies list.

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