Spin Transfer Technologies, Inc. was established by Allied Minds and New York University to develop and commercialize its orthogonal spin transfer magnetoresistive random access memory technology, OST-MRAM. The technology, discovered by Professor Andrew Kent, has enormous implications for the development of spin transfer MRAM devices, including faster switching times, lower power operation and scalability to smaller dimensions.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/13/12 | $36,000,000 | Series A | ||
| 10/10/14 | $70,000,000 |
INVESCO Private Capital SandAire Woodford Investment Management | undisclosed |
