Everspin designs, manufactures, and commercially ships discrete and embedded MRAM and ST‑MRAM for applications requiring data persistence, low latency, and security. The company has deployed over 40 million MRAM and ST‑MRAM products across data center, cloud storage, energy, industrial, automotive, and transportation markets. Everspin holds an intellectual property portfolio of more than 500 active patents and applications and has established high‑quality manufacturing worldwide, including a turn‑key 300mm high‑volume foundry partner for advanced nodes. The company is launching discrete memory solutions with new densities and advanced interfaces and claims the world’s first commercialization and volume shipments of ST‑MRAM. Everspin says it is investing heavily in advanced technology, higher densities, volume scalability, and a pervasive ecosystem to further enable ST‑MRAM adoption and continue its history of rapid revenue growth. The company aims to proliferate MRAM and ST‑MRAM as mainstream embedded memories for MCUs, GPUs, DSPs, application processors, and ASICs. Everspin Technologies is the leading developer and manufacturer of magnetic RAM (MRAM), offering stand-alone and embedded Toggle and Spin-Torque MRAM products. The company says it is the world's first volume MRAM supplier and the only company to successfully commercialize MRAM products. Everspin's MRAM is described as the fastest non-volatile memory with virtually unlimited endurance, positioned to complement NAND and DRAM in non-volatile SRAM and DRAM applications. The firm delivers products into data center and storage, energy and infrastructure, and automotive and transportation markets. It has shipped more than 10 million cumulative MRAM products and holds an intellectual property portfolio of more than 600 active patents and applications. The company intends to use new capital to productize and launch its Spin-Torque MRAM technology and accelerate growth in the enterprise storage market.

Total raised

$44M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2015