Inspired by recent work on extended image volumes that lays the ground for randomized probing of extremely large seismic wavefield matrices, we present a memory frugal and computationally efficient inversion methodology that uses techniques from randomized linear algebra. By means of a carefully selected realistic synthetic example, we demonstrate that we are capable of achieving competitive inversion results at a fraction of the memory cost of conventional full-waveform inversion with limited computational overhead. By exchanging memory for negligible computational overhead, we open with the presented technology the door towards the use of low-memory accelerators such as GPUs.
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