pMTJ STT-MRAM developer Avalanche Technology announced that it closed its latest funding round led by Thomvest Ventures, having raised $33 million.
Avalanche currently brands its MRAM chips as P-SRAM (persistent SRAM) devices. The new funds will enable the company to develop higher-density P-SRAM devices. In addition, Avalanche says it will develop the higher densities of "persistent DRAM" required for the next generation of machine learning architectures.
Avalanche started to sample 32Mb and 64Mb STT-MRAM chips in 2015, and started production in early 2017. In November 2018 Avalanche announced its 2nd-generation serial non-volatile discrete MRAM memory family, the SPnvSRAM which offers 1 Mb to 32 Mb densities at extended-temperature industrial-grade specifications.