Semiconductor startup Avalanche closes $11.5M funding round

A startup is hard at work making a new type of high-speed memory that stores data even when the power is turned off. Avalanche Technology, a company focused on Spin Programmable Memory (SPMEM) non-volatile memory class storage solutions (not pictured), has raised $11.5 million in a new round of funding.

This is the semiconductor startup’s third round of institutional funding.

Previous investors Sequoia Capital, Bessemer Venture Partners, Thomvest Ventures, Qualcomm Ventures, and Leader Ventures all … Continue Reading