Avalanche Technology, based in Fremont, CA, develops Perpendicular STT‑MRAM technology and P‑SRAM™ memory devices. The company aims to replace Flash and SRAM for unified memory architectures in future SoC systems, targeting GPUs, MCUs, DSPs, ASSPs and ASICs. Its technology is designed to deliver high performance and low power at 55, 40 and 28 nm with scalability to 22 and 14 nm. Avalanche reports a proven STT‑MRAM portfolio at multiple geometry nodes and an intellectual property portfolio of over 280 patents and applications. The company plans to use the new funding to accelerate development of its P‑SRAM devices for the Internet of Things, aerospace and defense markets and to pursue higher densities of persistent DRAM required for next‑generation machine learning architectures. Avalanche Technology develops patent-backed discrete and embedded STT-MRAM memory products. The company offers discrete STT-MRAM for OEMs and embedded licenses for strategic customers and partners. Its STT-MRAM is being positioned as a replacement for DRAM and SRAM across enterprise storage, consumer wearables, IoT, computing/networking, automotive and other industries. Avalanche is led by founder and CEO Petro Estakhri and is based in Fremont, CA. The company intends to use the new financing to transition from R&D to commercialization and production in 2016. Avalanche Technology is a mid-stage developer of high-performance, scalable non-volatile magnetic memory products built on its proprietary Spin Programmable Memory (SPMEM) platform. The company says its platform is protected by a comprehensive patent portfolio and is designed for a wide variety of telecommunication, networking, storage, computing and handheld applications. Avalanche licenses its technology for those markets and is led by serial entrepreneurs and veterans from the semiconductor, memory and storage industries. Headquartered in Fremont, CA, the company is focused on advancing its SPMEM products toward commercial production. Recently announced financing is intended to support continued development efforts at this key stage. Avalanche Technology is developing Spin Programmable Memory (SPMEM), a non-volatile memory class that the company says enables lower write current, smaller cell size, and scalability beyond 10nm using proprietary spin current and voltage switching. The firm claims SPMEM provides non-volatility, low power dissipation, unlimited write endurance, high density, and high performance while requiring fewer manufacturing steps and integrating with standard CMOS processes. Avalanche is targeting high-volume embedded and stand-alone applications across telecommunications, computing, mobile, and networking, and cites a global total addressable market above $30 billion. The company says its technology could blur the gap between memory and storage and enable changes in system architectures and performance. Avalanche was founded in 2006 and is based in Fremont, California. Financially, the startup has completed three institutional funding rounds, most recently raising $11.5M, after a prior $7.5M round in February 2010.

Total raised

$80M

Funding rounds

5

Latest round

Equity

Latest activity

May 2019