Everspin Technologies in an Arizona-based company specializing in producing and selling MRAM products that store data for industries such as automotive, transportation, aerospace, Internet of things, smart energy, medical and the industrial market. The company makes semiconductors and packages and tests its products world wide in places such as China, Taiwan, and other Asian countries.
The company has Toggle MRAM products, Spin-Transfer Torque MRAM products, and nvNITRO products. The Toggle MRAM uses a transistor and a magnetic tunnel junction in order to create a product which stores a large amount of data. The Spin-Transfer Torque product uses a spin torque transfer property and reduces the switching of energy compared to the aforementioned product. It allows for higher-density memory products.
The nvNITRO products can be utilized with enterprise software and storage systems. It also uses Spin-Transfer Torque technology and can be useful in situations such as system power loss or interruption.
Everspin Technologies raises a $15,000,000 series B round from DFJ, New Venture and Sigma Partners.
Everspin Technologies raises a $20,000,000 series A round from DFJ, New Venture and Sigma Partners.
Everspin Technologies was founded.