Everspin Lands $15M

Chandler, Arizona-based semiconductor memory developer Everspin has raised $15M in a Series B financing round, the company announced Monday morning. Everspin said the funding came from New Venture Partners, Sigma Partners, Lux Capital, Draper Fisher Jurvetson, and Epic Ventures. Everspin is developing "magnetic" RAM, a nonvolatile memory which it says has "virtually unlimited endurance". The firm is headed by Phil LoPresti. The company said the new funding will go towards productizing its technology. More information »