Spin Transfer Garners $36,000,000 Series A Financing

  • Feed Type
  • Date
    2/14/2012
  • Company Name
    Spin Transfer
  • Mailing Address
    33 Arch Street 32nd Floor Boston, MA 02110
  • Company Description
    New York University and Allied Minds have teamed to establish Spin Transfer Technologies (STT) to develop and commercialize advanced spin transfer magnetoresistive random access memory (MRAM) technologies.
  • Website
    http://www.spintransfer.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $36,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    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).
  • M&A Terms
  • Venture Investor
    Allied Minds
  • Venture Investor
    INVESCO Private Capital

By posting a comment, you agree to our terms and conditions.