Memoir Systems has replaced its CEO with founder Sundar Iyer and charted a new course.
bf sv nation memoir 3-29-13
SANTA CLARA, Calif.--Memoir Systems, the startup memory ip company
that quietly changed CEOs earlier this year, is planning a new
product launch later this year to expand beyond its role as a
specialized solution provider to huge systems companies such as IBM.
"Memory is a ubiquitous problem," co-founder and new CEO Sundar Iyer
said in a recent interview here at company headquarters, which looms
high above its next-door neighbor, Intel. "The platform we're
building is a clean way to solve performance, area and power issues.
We want to open this up and allow customers to innovate and make it
about them, rather than us."
To date, Memoir
has touted the benefits of its Algorithmic Memory approach to
design. Memoir’s algorithms increase the performance of existing
memory macros by implementing a variety of techniques such as
caching, virtualization, pipelining, and data encoding.
Last fall, Memoir Memoir Systems announced
the availability of its Renaissance 4X product, which it
claims increases the memory performance of existing embedded memory
macros by delivering up to a 4X increase in memory operations per
second (MOPS). The company has since rolled an 8X product.
Did you get comments from Adam on this article? on why he left. I am seeing lot of FUD by Sundar and team here. Let me put things in perspective bit they have IBM Power socket for caching IP, may be a Hauwei, Cisco probably told them to go pound sand, as they bought their prior stuff Nemo. So they have 22 people out in foreign countries, at low cost for great window dressing. This makes it great Life Style Company, not a future breakthrough corp that someone will want for 10X bucks, like there VC Friends would want as well. Go ask lightspeed why they have not funded this company another $20M bucks, or any other VC's in the valley. May be you will some clarity, unless you are part of this FUD campaign.
Roadman, I haven't been able to track down Adam, but I'm still working on that for a follow-up. Clearly Sundar positions his company in as positive a light as possible. Can't fault him for that, and execs aren't going to answer questions they don't want to.
Anything you can share? These guys are worth circling back with in the second half of the year to see how product-development is proceeding and where they are on break-even goals.