Spin Transfer Technologies Garners $70,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0aa0d599-662c-4c24-b363-eb150d9d3af7
Date
10/10/2014
Company Name
Spin Transfer Technologies
Mailing Address
45500 Northport Loop West Fremont, CA 94538 USA
Company Description
New York University and Allied Minds have teamed to establish Spin Transfer Technologies (STT) to develop and commercialize advanced spin transfer magnetoresistive random access memory (MRAM) technologies.
Website
http://www.spintransfer.com
Transaction Type
Venture Equity
Transaction Amount
$70,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company intends to use the funds to accelerate commercial development.
M&A Terms
Venture Investor
Venture Investor
Venture Investor