Funding

California-Based TeRAM Raises $37M in Funding Round

Sep 17, 2026 | By Devin Jacobs

TeRAM, a Los Altos, CA-based provider of custom 3D SRAM for AI applications, has raised $37 million in a funding round led by Primary, B Capital, Hyperion, and SemiAnalysis Capital.

SUMMARY

  • TeRAM raised $37M in funding, led by Primary.
  • The funding will support technology development.
  • TeRAM develops 3D SRAM technology for AI.

The round also saw participation from Alumni Ventures and Lightscape Partners.

The company plans to use the funding to validate its technology and expand its team as it works to build customized 3D SRAM memory chips for initial data center customers.

What is TeRAM?

TeRAM develops custom 3D SRAM memory technology for AI computing applications.

The company is developing memory and packaging technologies that integrate 3D SRAM directly onto AI compute chips. Its technology is designed to provide higher memory bandwidth while reducing power consumption under demanding thermal conditions.

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TeRAM is initially targeting data centers and plans to develop memory solutions tailored to each customer's capacity, bandwidth, form factor, and power requirements.

How Much Funding Has TeRAM Raised?

TeRAM has raised $37 million in its latest funding round.

The round was led by Primary, B Capital, Hyperion, and SemiAnalysis Capital, with participation from Alumni Ventures and Lightscape Partners.

No previous funding details were provided.

Who Invested in TeRAMs Funding Round?

The round was led by:

  • Primary
  • B Capital
  • Hyperion
  • SemiAnalysis Capital

Participating investor's included:

  • Alumni Ventures
  • Lightscape Partners

Why the Funding Matters

TeRAM plans to use the funding to validate its technology and scale its team.

The company is working to address memory bandwidth and power challenges in AI computing as models continue to grow in size and complexity.

Who founded TeRAM?

The provided information does not name TeRAM's founders.

The company's founding team has more than 80 years of combined experience in semiconductor memory technology and has worked on AI compute system-on-chip projects with hyperscalers and AI infrastructure companies.

TeRAM is headquartered in Los Altos, California.

Market and Business Growth

TeRAM is developing 3D SRAM for frontier AI applications, initially targeting data centers.

The company says AI models are scaling beyond two trillion parameters, increasing demand for memory technologies that can improve capacity and throughput while reducing power consumption.

TeRAM is currently validating its technology and is targeting initial customer production in 2029.

What Happens Next?

TeRAM will focus on validating its 3D SRAM technology and expanding its team.

The company plans to develop customized memory chips for its initial data center customers, with initial customer production targeted for 2029.

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