Weebit - 2021and beyond, page-7

Israeli memory technology developer Weebit Nano raises $9.1 million
Its new technology can save millions of dollars in development costs and shorten manufacturing time
James Spiro | 16:51 23.08.2020
Coby Hanoch. Photo: Weebit Nano


Weebit already has two commercial collaborations with XTX and SiEn, both Chinese companies, designed to test the integration of its technology with other products.

"China is the largest chip consumer in the world; it is determined to build an independent semiconductors industry and is interested in advanced technologies,” said Weebit Nano’s CEO, Mr. Coby Hanoch, in a statement. “Our technology has already been proven and tested by XTX. We are now developing the module connecting the memory to the system into which it will be embedded, in order to make it suitable for the embedded systems market.”

Weebit Nano’s placement on the ASX was supported by BDO Israel. “Startups can raise significant amounts even during the Covid-19 pandemic, so long as the technology is unique and the company is able to present potential investors how the placement’s proceeds will be used to continue the R&D activity, shortening the go-to-market period, or reaching the commercialization stage,” said Lior Shahar, Head of High-Tech and IPOs sector in BDO Israel. “A good example of that is the fundraising by Weebit Nano, which develops a unique nano-materials technology. In the near future, artificial intelligence and big data systems with high computing and processing capabilities shall require ReRAM memories such as those developed by Weebit Nano.”



Lior Shahar, Head of High-Tech and IPOs sector in BDO Israel. Photo: Nati Haddad
The fundraising proceeds will be used to develop a dedicated module for embedded systems, the company’s first target market for its ReRAM technology. The process of embedding ReRAM only requires 1-2 additional masks, compared to 7-10 needed for flash technology.

Weebit Nano was founded in 2015 and has raised a total of $18 million. It has employees in Australia, France, and its headquarters in Hod Hasharon, Israel.



The most important, WBT has a World class board and team,

chairman, Dadi Perlmutter is the Managing General Partner of Eucalyptus Growth Capital which invests in growing technology companies in Israel. With almost 40 years’ experience in the semiconductors industry, Dadi has held a number of very senior global positions, including Executive Vice President and General Manager at the Intel Architecture Group (IAG) and also Chief Product Officer of Intel Corporation (NASDAQ:INTC). The award-winning executive received a prize for innovation in industrial development from the Israeli President in 1987 and an award for the development of the i387 math co-processor. Dadi was elected Fellow of the Institute of Electrical and Electronics Engineers (IEEE Fellow) for his contributions to the mobile personal computer industry. He is a member of the Board of Directors of Mellanox Technologies (NASDAQ: MLNX) as well as being on the Board of Directors for various startups. He is also a member of the Board of Governors of the Technion – Israel Institute of Technology and chairs a number of non-profit organizations.

CEO, Coby was Vice President Worldwide Sales at Verisity where he was part of the founding team and grew the company to over $100M in annual sales which facilitated its acquisition by Cadence Design Systems (NASDAQ:CDNS) in 2005 for $325M. He was also Vice President Worldwide Sales at Jasper, doubling sales before it was acquired by Cadence.

Dr Nissan-Cohen manages Weebit’s R&D activities. Yoav’s career covers nearly 40 years of scientific research, technology development, and executive management in the hi-tech industry. He is currently Chairman and CEO of Zullavision, a company which leverages Israeli technologies to provide innovative solutions for film and TV productions.

Yoav received his PhD researching non-volatile memories, under the supervision of Prof Dov Frohman, the inventor of the first non-volatile memory technology.

He started his illustrious career as a research scientist in GE’s R&D center in New York where he studied the use of silicon dioxide in semiconductor memory devices. He then led the spin-off of National Semiconductor’s fabrication facility in Israel, establishing Tower Semiconductor, a Nasdaq-listed, global specialty semiconductor foundry leader with a market cap of US$3.4 billion, where he served as CEO for nine years. Dr. Nissan-Cohen also played a key role in establishing a non-volatile technology startup, Saifun Semiconductor, which was subsequently sold to Spansion. After two years in the venture capital industry, he returned to his entrepreneurial origins taking up Chairman and CEO positions in Amimon which provides wireless transmissions of HD Video at zero latency. Dr. Nissan-Cohen holds a PhD in Applied Physics where his focus was SiOx memories.

Amir brings to WeeBit Nano two decades of experience in device and technology for the semiconductor industry, with particular expertise in Flash memory technology. Prior to working at WeeBit Nano, Amir served as a senior Engineer in some of the leading technology companies in the semiconductor and memory field, including Intel (NASDAQ:INTC), SanDisk (NASDAQ:SNDK), Micron (NASDAQ:MU) and Marvell (NASDAQ:MRVL). Amir has accumulated broad knowledge and expertise in multiple engineering fields including Device, Technology Development, Quality & Reliability, and ASIC R&D. As a Senior Device Engineer, Amir was involved in developing the most advanced 45nm NOR Flash technology to date.