Avalanche Technology Obtains $5,500,000 New Funding

  • Feed Type
  • Date
    10/28/2010
  • 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
    $5,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed