Country for PR: Japan
Contributor: Kyodo News JBN
Wednesday, October 11 2023 - 18:00
Embedded Flash Memory Developer Floadia Raises 1.05 Billion Yen from Inabata and Others
TOKYO, Oct. 11, 2023 /Kyodo JBN-AsiaNet/ --

Floadia Corporation (hereinafter referred to as "Floadia"), which develops 
embedded flash memory IP cores based in the Tokyo suburb of Kodaira-shi, has 
raised approximately 1.05 billion yen in Series D round.


As a first closing, Inabata & Co., Ltd. (hereinafter "Inabata") headquartered 
in Chuo-ku, Osaka, and Cypress Capital, a Hong Kong investment company, 
underwrote an allotment of capital for a total of 850 million yen. Including 
the 200 million yen raised through venture debt (loan with stock acquisition 
rights) from Japan Finance Corporation in March 2023, the total amount raised 
in this round was approximately 1.05 billion yen.

Floadia will use the funds raised to strengthen sales activities promoting its 
current primary business, embedded flash memory IP cores, to semiconductor 
manufacturers, and to enhance developing ultra-low power consumption AI 
accelerator chips that utilize flash memory devices. Inabata, which 
participated in this round, operates a wide range of businesses overseas in the 
information & electronics, chemicals, consumer goods industry and plastics 
sector, and plans to utilize the network to support Floadia's sales overseas.

Floadia is in the business of licensing the processes and circuit design 
necessary for manufacturing flash memory, a type of non-volatile memory (memory 
that stores data even when the power is turned off), to semiconductor 
manufacturers as intellectual property (IP). Floadia's flash memory IP cores 
are mainly used in microcontrollers, power semiconductors, sensors, etc., and 
require extremely lower power consumption than conventional flash memory IP 
cores, and can be integrated into chips at low cost. "G1," the first flash 
memory IP developed by Floadia, has been used in microcontrollers at Toshiba 
Electronic Devices & Storage Corporation, and passed quality standards that 
allow data retention for 10 years at 125 C after 10,000 Program and Erase 
operations at Taiwanese foundry TSMC. The IP was tested at even higher 
temperature of 200 C, and was confirmed to retain data for 10 years, the 
highest quality in the world.

Floadia is developing Computing in Memory (CIM) chips, which use flash memory 
devices as information transmission media, as a pillar of the next business 
following flash memory IP cores. Current AI calculation is mainly performed on 
large-scale servers located in the cloud such as data centers, but in addition 
to issues such as data security and latency, there are concerns about increased 
power consumption at data centers. Therefore, AI calculation processing on the 
terminal (edge) is required. Floadia's flash memory solves these issues with 
analog memory technology and enables advanced AI inference calculations in edge 
environments with significantly low power consumption.

Floadia has so far received approximately 3.9 billion yen from INCJ (Japanese 
government fund), UMC Capital (Taiwan), an affiliated company of major foundry 
UMC, Faraday Technology (Taiwan), a cutting-edge semiconductor design company, 
and Teijin Limited, a major Japanese chemical firm. Adding the amount raised in 
this round, the cumulative total raised to date is approximately 4.95 billion 

For inquiries regarding this press release:

About Floadia Corporation
Floadia was established in 2011 by experienced engineers who had been 
developing embedded non-volatile memory for over 20 years at Hitachi, Ltd., and 
Renesas Technology (currently Renesas Electronics Corporation). The company 
licenses to semiconductor manufacturers as intellectual property (IP) the 
processes and circuit designs necessary for manufacturing embedded non-volatile 
memory (memory that retains its contents even when the power is turned off) 
used in microcontrollers, power semiconductors, sensors, etc. Floadia's 
non-volatile memory technology consumes only 1/1,000,000 of the power required 
to write and erase data, as compared to competitors' memory technologies, and 
has excellent high temperature tolerance, and requires only 1/3 of the 
additional cost to integrate into a chip. Because of these features, G1 has 
already been installed in automotive microcontrollers by domestic semiconductor 
manufacturers and has also been adopted by a foundry in Taiwan, where it is 
used as embedded memory in smartphone components.

Source: Floadia Corporation