Avalanche Technology Lands $30,000,000 Series D Financing

  • Feed Type
  • Date
    7/31/2012
  • Company Name
    Avalanche Technology
  • Mailing Address
    48371 Fremont Blvd Fremont, CA 94538
  • Company Description
    Avalanche Technology set out to fundamentally change the $53B memory industry with a disruptive low power non-volatile magnetic memory. Not only solving the technology scaling challenges faced by existing charge based memories, Avalanche is also enabling radical leaps in memory and storage system architectures. Our technology is ideal for applications in nearly every industry, from consumer electronics and mobile phones to satellites and engine control.
  • Website
    http://www.avalanche-technology.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $30,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    The company will use the funding to get the first samples of its chips into customers’ hands sometime in the first half of next year, with full production expected around the second half of next year.
  • M&A Terms
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    Qualcomm
  • Venture Investor
    Sequoia Capital
  • Venture Investor
    Thomvest Ventures
  • Venture Investor
    Vulcan Ventures

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