Avalanche Technology Raises $33M in Funding.

Avalanche Technology, a Fremont, CA-based MRAM technology platform, raised over $33M in funding.

The round was led by Thomvest Ventures.

The company will use the funds to accelerate the development of its P-SRAM™ memory devices for the Internet of Things, aerospace and defense markets and higher densities of persistent DRAM required for the next generation of machine learning architectures.

Led by Petro Estakhri, President and CEO, Avalanche Technology has developed Perpendicular STT-MRAM technology, which aims to replace traditional Flash and SRAM for unified memory architectures in future SOC systems, delivering high performance and low power at 55, 40 and 28nm with scalability to 22 and 14nm.

With a proven STT-MRAM portfolio at multiple geometry nodes combined with an intellectual property portfolio of over 280 patents and applications, Avalanche Technology aims to enable the next generation of scalable embedded unified memory architecture for use in GPUs, MCUs, DSPs, ASSPs and ASICs.

Source. FinSMEs, Staff, May 28, 2019

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