Tech Company Financing Transactions
Spin Memory Funding Round
Allied Minds and INVESCO Private Capital joined a $36 million Series A funding round for Spin Memory. The funding round was recorded on 2/14/2012.
Transaction Overview
Company Name
Announced On
2/14/2012
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Series A
Investors
Allied Minds (Christopher Silva)
Proceeds Purpose
Spin Transfer Technologies (STT) will use the funds to scale operations, purchase equipment and grow its team to accelerate development of its patented orthogonal spin transfer magneto resistive random access memory technology (OST-MRAM).
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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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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