Thomvest, Rogers join $23 mln funding of Avalanche Technology
Fremont, Calif.-based memory technology specialist Avalanche Technology Inc has closed a US$23 million financing. The round included investments from Thomvest Ventures, the venture capital fund of Canadian investor Peter Thomson, and Rogers Venture Partners, which is backed by Toronto-based Rogers Communications Inc. Vulcan Capital and VTB Capital also invested, while Horizon Technology Finance provided a debt facility. Avalanche said it will use the combined funds to advance commercialization and production of its spin-transfer torque magnetic random-access memory (STT-MRAM) products.
2 February 2016•2 mins read
