LONDON – A Moscow-based investor has helped MRAM startup Avalanche Technology Inc. (Fremont, Calif.) close a third round of equity funding at $30 million. The money will be used to "productize" the company's technology, which the firm says is ready for action in applications such as solid-state drives.
The $30 million raised brings the total invested in the company since its formation in 2006 to about $50 million.
The money will be used to bring Avalanche's spin-transfer torque magnetic random access memory (STT-MRAM) non-volatile memory chips into production. These will be based on Avalanche's proprietary spin-programmable memory (SPMEM) technology, which the company claims combines spin-current and voltage switching to allow lower write current, smaller cell size and scalability to future technology nodes and radiation-hard applications.
Avalanche did not state what size of stand-alone memory it intends to bring to market or when. But on its website the company states it has produced 64-Mbit STT MRAMs on 65-nm low
power CMOS processes on 300-mm diameter wafers at multiple foundries.
The memory is expected to be utilized in solid-state storage such as solid-state drives (SSDs), the company added.
Avalanche also ostates on its website that its cell size roadmap begins at 15F2 and extends below 1.0F2 to be less than 20 percent of the relative size of any current memory device.
Interesting..." In May 2011, Crocus Technology Inc. (Santa Clara, Calif.) announced it would receive an investment of about $300 million in a round led by Rusnano, the Russian state-owned nanotechnology fund, with most of the money earmarked for the creation of a manufacturing joint venture in Russia"...anyone knows whether this $300M fab has been built? Kris
thank you @xprmntl..."former auto plant “Moskvich” in Moscow"...this is very nostalgic for me! my dad owned a "Moskvich", since most people are not familiar with it just a single comment: "Moskvich" was one of the early East European cars in the 50-ties...glad to see that MRAM memories with be manufactured now (so it seems, the link still talks about the future)...Kris
The building was built in 1929 and has only seen auto and military fabrication. It has been shuttered since bankruptcy in 2002 except for a partial occupation to build some Renaults in 2005 before going bankrupt, again. State of the art...
Yes, it was like a highly unreliable light tank! but that was pretty much a norm in Eastern Europe these days...East German Traubants were made out plastic, you could throw an apple at it and the body would bent ;-)
That's indeed interesting. I had phrased my question in the wrong way, I was intrigued by Crocus going a non-foundry route, similar to Everspin, but still different since it is a JV between Crocus and Rusnano.