The MemComputing technology was developed at UC San Diego by Physicists, Dr. Fabio Traversa & Dr. Max Di Ventra (Physics Prof). They were discovered by John Beane, UC San Diego Entrepreneur in Residence and jointly formed the company, MemComputing, Inc. where they obtained an exclusive license to the technology. MemComputing represents the next generation in computational performance. Our software accelerators are designed to solve today's most complex and time consuming problems. Focusing on the multi-trillion dollar global supply chain and logistics markets, where they face problems that take hours, days or weeks to compute. MemComputing has been shown to reduce those times to minutes or seconds. It may seem hard to believe, but the MemComputing technology has been evaluated by the San Diego Supercomputer Center, UC San Diego, the Zuse Institute of Berlin and the Palo Alto Research Center to solve problems exponentially faster than today's best solutions (with papers on each). For industry, MemComputing has solved a problem taking the Port of Singapore over 70 hours, On CPU, MemComputing solves this problem in 1 hour, but by adding a few GPUS, the problem can be solved in less than a second. Canvass Labs presented MemComputing with a problem taking them 10 minutes. They can now solve it in single digit milliseconds using MemComputing (5 orders of magnitude faster).
Primary Industry Sector: Software and Services
Funding Status: Preseed