Why Did Weebit Raise Capital Now?

By Coby Hanoch

March 30, 2026

Spoiler: This is not about maintaining our position. It is about accelerating separation and building long-term leadership.

Preface

Weebit recently completed a capital raise of A$87M. As always, we are thinking of our existing shareholders and will give them an opportunity to participate via an SPP targeting an additional ~A$15M, for a total of approximately A$100M.

I’ve been asked many times: Why now? Why raise this much when you already had cash in the bank?

It’s a fair question. The answer is not about need. It is about timing.

We had sufficient capital to continue operating for many quarters. But we are at what I would describe as a golden moment, where multiple opportunities are aligning at once. In such moments, which are rare in this industry, the biggest risk is not having too little capital. It is moving too slowly.

Let me start with the end goal: Weebit’s objective is not to participate in the ReRAM market. It is to have undisputedly the best-value ReRAM in the market, with a clear and durable margin over any alternative. We plan to be the solution that customers ask for by name across foundries, across applications, across markets (embedded systems today, and AI architectures going forward).

This raise is about accelerating toward that outcome.

Expanding Our Lead in Embedded ReRAM

The industry is clearly moving toward ReRAM. We see it in customer discussions, in foundry engagements, and in the increasing recognition that ReRAM can deliver on its promise. Weebit is today the only independent provider of qualified ReRAM.

This is a strong position, but it is not enough. There are other players exploring ReRAM, including large foundries and IDMs. There are already solutions in production. A market which grows so fast always attracts competition. In this environment, success does not come from being “good.” It comes from being significantly and progressively better.

Weebit already has the leading technology. However, our goal is to maintain a significant gap, and one that is difficult to close. This is not an easy task. Developing high-performance, production-ready ReRAM requires tight collaboration across multiple domains: device physics, process development, circuit design, algorithms, test, reliability, and more. These are not independent efforts. They must work closely together, in sync, under very focused management.

I believe Weebit is unique in this regard. We have built a team with deep expertise across all these disciplines, working together with a singular focus on ReRAM.

This is not a side activity for us; it is our core. This is what allows us to take on challenges that initially look impossible. We are already seeing customer requirements that push well beyond standard specifications. In several cases, what was first considered unrealistic became achievable through the combined effort of our team. These are the kinds of advances that create real differentiation.

This type of progress requires intensive development cycles, multiple silicon iterations, and close collaboration with our partners. We now have the opportunity to accelerate these cycles, moving faster than others and extending our lead while the window is open. Proceeds from this raise will be used for this.

ReRAM for AI: A Transformational Opportunity

At the same time, a second major opportunity is emerging. AI is changing system architectures very quickly. One of the central challenges is no longer just compute; it is the cost, in both power and performance, of moving data between memory and compute.

This is driving strong interest in in-memory computing (IMC), where key operations, such as vector-matrix multiplication, are performed directly within the memory.

Weebit has been active in this area through collaborations with research institutes since 2018. What is different now is the level of interest. We are receiving increasing inquiries from customers about using our ReRAM for IMC.

We believe we have a fundamental advantage here. Because we control the memory device and the bitcell, as well as the module design and the algorithms that augment it, we are not limited to developing a standard NVM. We can engineer our ReRAM specifically for IMC requirements and optimize it for system-level performance.

To move in this direction, we have established a dedicated Systems and AI team, led by Gideon Intrater. This team is working closely with customers, partners, and our internal engineering groups towards delivering Weebit’s IMC offering.

Our efforts are centered on inference applications, initially at the edge, with a longer-term view toward data center deployments. This is still an emerging field, but it is moving quickly. And here as well, focused investment and speed of execution matter. Proceeds from the raise will be used to significantly strengthen this activity.

Scaling Commercial Momentum

Weebit is no longer only a technology company. We are now in the commercialization phase. Our technology is being adopted across multiple partners, including SkyWater Technology, DB HiTek, onsemi, and Texas Instruments, along with initial product companies.

As more processes reach qualification, the number of potential customers and end products increases significantly.

At this stage, the challenge shifts. It is no longer only about proving the technology. It is about engaging broadly, supporting multiple programs in parallel, and converting interest into production design wins.

Proceeds from the raise will be used to scale our commercial and technical engagement capabilities in line with the opportunity.

Conclusion

Weebit is in a unique position. We are facing not one, but two large and rapidly growing opportunities:

• The transition to embedded ReRAM across the semiconductor industry
• The emergence of new AI architectures, where memory plays a central role

We have a strong foundation in both. The decision to raise capital now reflects the importance of this moment. It allows us to move faster, to push further, and to maintain a clear and lasting advantage.

About the Author

Coby Hanoch
CEO

Coby has nearly 45 years’ of experience in the semiconductor and related industries. He was previously CEO at PacketLight Networks and held VP Worldwide Sales roles at Verisity and Jasper Design Automation. He founded a consulting company, EDAcon Partners, to help startups define corporate strategies, build worldwide sales channels, and raise capital. He holds a Bachelor of Science in Systems Design from Technion – Israel Institute of Technology.