Add Avalanche Technology to the growing list of vendors in pursuit of STT MRAM

EEtimes reports http://www.eetimes.com/electronics-news/4391539/Startup-raises-money-to-bring-MRAM-to-market?pageNumber=0 that Avalance Technology http://www.avalanche-technology.com/ has just gotten $30 million in funding from Avalanche’s current investors (Vulcan Capital, Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures and Qualcomm Ventures) and VTB Capital (Moscow, Russia). The investment is to help Avalanche ready its spin-torque-transfer (STT) magnetic RAM (MRAM) for production. Avalanche is one of a number of companies that are questing for commercial STT MRAM, hoping to displace some or all of the NAND Flash market.

For much more information about MRAM and MRAM vendors, register for Memcon over there on the right. Also, see:

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About sleibson2

EDA360 Evangelist and Marketing Director at Cadence Design Systems (blog at http://eda360insider.wordpress.com/)
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