Spin Transfer Garners $36,000,000 Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7dcdc13-babd-427b-8ece-e1d741d98e9f&Preview=1 -
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
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Venture Investor
Allied Minds -
Venture Investor
INVESCO Private Capital
