Tech Company Financing Transactions
Spin Memory Funding Round
On 11/13/2018, Spin Memory raised $52 million in Series B funding from Applied Ventures, ARM and Allied Minds.
Transaction Overview
Company Name
Announced On
11/13/2018
Transaction Type
Venture Equity
Amount
$52,000,000
Round
Series B
Investors
Applied Ventures (Lead Investor)
ARM (Lead Investor)
Proceeds Purpose
Along with the funding, Spin Memory announced a commercial agreement with Applied to create a comprehensive embedded MRAM solution -- and a commercial agreement with Arm for the licensing of Spin Memory's Endurance Engine design IP to address static random-access memory (SRAM) application in SoCs.
Company Information
Company Status
Private & Independent
Industry
Components
Mailing Address
45500 Northport Loop West
Fremont, CA 94538
USA
Fremont, CA 94538
USA
Phone
Website
Email Address
Overview
Spin Memory (previously Spin Transfer Technologies) is dedicated to solving the scaling and power problems of today's memories. To meet these goals, Spin Memory is collaborating with world leaders to transform the semiconductor industry by offering MRAM solutions to replace on-chip SRAM, stand-alone persistent memories, and a range of other non-volatile memories.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Sparkman
Chief Technical Officer
Mustafa Pinarbasi
Vice President
Les Crudele
Vice President
Amitay Levi
VP - Bus. Development
Jeffrey Lewis
VP - Product Management
Andrew Walker
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Where The Data Comes From
We report on all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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