Avalanche Technology Secures $12,500,000 New Funding Round

  • Feed Type
  • Date
    7/3/2012
  • 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
    Debt
  • Transaction Amount
    $12,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The proceeds will support the company’s continued development efforts.
  • M&A Terms
  • Venture Investor
    Horizon Technology Finance

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