NYU-founded Spin Memory has now raised $60.3m in series B capital, having lured the return of Allied Minds, Arm and Applied Ventures.
Spin Memory, a US-based random access memory technology spinout of New York University, has raised $8.3m in a series B extension backed by commercialisation firm Allied Minds to bring the round to $60.3m.
Semiconductor equipment producers Arm and Applied Materials, through its investment subsidiary Applied Ventures, also contributed, as did venture capital firm Abies Ventures.
Applied Ventures and Arm had co-led a $29m tranche in 2018, with participation from unnamed new and existing investors, to bring the…
