US-based Grandis was established in 2002 to develop STT-MRAM technologies.
Grandis collaborated with Renesas and Hynix, and was acquired by Samsung in 2011 (in what was considered a very successful exit for its investors). Grandis raised $15 million since it was founded in 2002, and also raised about the same from DARPA grants including a $8.6 million second-phase project granted in June 2010.
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