Tech Company Financing Transactions
Avalanche Technology Funding Round
Avalanche Technology, based in Fremont, secured $33 million from Thomvest Ventures and private investors.
Transaction Overview
Company Name
Announced On
5/29/2019
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Undisclosed
Investors
Thomvest Ventures (Lead Investor)
Proceeds Purpose
The company will use the funds to accelerate the development of its P-SRAM memory devices for the Internet of Things, aerospace and defense markets and higher densities of persistent DRAM required for the next generation of machine learning architectures.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
3450 West Warren Ave.
Fremont, CA 94538
USA
Fremont, CA 94538
USA
Phone
Website
Email Address
Overview
Avalanche is a disruptive technology company developing innovative, ultra high performance enterprise solid-state storage arrays using tightly integrated hardware/software and leveraging its own non-volatile magnetic memory.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Petro Estakhri
Chief Financial Officer
Robert Netter
Chief Technical Officer
Rajiv Ranjan
VP - Engineering
Ebrahim Abedifard
VP - Engineering
Yiming Huai
VP - Marketing
Danny Sabour
VP - Operations
Sam Nemazie
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We do our best to report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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