Avalanche Technology Lands $30,000,000 Series D Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a11ff384-65b3-4f66-bf80-e8aa05e359b8&Preview=1 -
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
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Venture Investor
Bessemer Venture Partners -
Venture Investor
Qualcomm -
Venture Investor
Sequoia Capital -
Venture Investor
Thomvest Ventures -
Venture Investor
Vulcan Ventures
