California-based Avalanche Technology is a start up company founded in 2006 to develop patented Spin Programmable perpendicular STT-MRAM (SPMEM) memory that uses a revolutionary proprietary spin current and voltage switching technology that enables lower write current, smaller cell size, higher density and excellent scalability.
Avalanche Technology currently offers STT-MRAM chips up to 64Mb in size, in both discrete and embedded form.
Avalanche started to sample 32Mb and 64Mb STT-MRAM chips in 2015. In February 2016 the company raised $23 million, adding to the $30 million raised in 2012. In October 2016 Avalanche announced a collaboration with Sony Sony Semiconductor Manufacturing Corporation to start volume pMTJ STT-MRAM production on 300mm wafers by early 2017.