Weebit Nano was established in Israel in 2014 with an aim to commercialize a Rice University's SiOx RRAM technology. The company aims to show a "commercially viable" product by the end of 2017.
In August 2016 Weebit Nano performed a reverse-merger with an Australian miner to become a public company (ASK:WBT). In September 2018 Weebit raised $2.16 million USD via a share placement.
Weebit is collaborating with Leti to commercialize its SiOx RRAM. In September 2018 Weebit announced that it packaged its RRAM arrays into chips for the first time, and will start sending samples soon.