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Spin Memory

company

About

Spin Transfer Technologies develops its orthogonal magnetoresistive random access memory technology.

  • 51 - 100

Highlights

Total Funding Amount
$88M
Funding Rounds
2
Investors
2

Details

Last Funding Type
Series A
Last Funding Money Raised
$36M
Industries
Data Storage,Hardware,Software
Founded date
Jan 1, 2007
Number Of Employee
51 - 100
Operating Status
Active

Spin Transfer Technologies, Inc. was established by Allied Minds and New York University to develop and commercialize its orthogonal spin transfer magnetoresistive random access memory technology, OST-MRAM. The technology, discovered by Professor Andrew Kent, has enormous implications for the development of spin transfer MRAM devices, including faster switching times, lower power operation and scalability to smaller dimensions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$88M
Spin Memory has raised a total of $88M in funding over 2 rounds. Their latest funding was raised on Nov 12, 2018 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 12, 2018 Series B $52M 1 — — Detail
Feb 13, 2012 Series A $36M 1 — — Detail

Investors

Number of Lead Investors
Number of Investors
—
2
Spin Memory is funded by 2 investors. Invesco Asset Management and Invesco are the most recent investors.
Investor Name Lead Investor Funding Round
Invesco Asset Management — Series B
Invesco — Series A
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