About Avalanche Technology
Avalanche Technology is a Technology company based in Fremont (United States) founded in 2006. Non-volatile memory is developed using proprietary STT-MRAM technology. Avalanche Technology has raised $189.52 million across 17 funding rounds from investors including Bessemer Venture Partners, Horizon Tech Finance and Qualcomm Ventures. Avalanche Technology offers products and services including Boot Memory, Storage, and AI Multi-Processing Architecture. Its focus areas include Semiconductors, Digital ICs, Memories and Non-Volatile Memory. Its competitors include Adesto, d-Matrix and Nimble Storage; 3 of its 3 listed competitors have raised funding.
Company details
Avalanche Technology develops non-volatile memory using its proprietary technology of Spin Transfer Torque Magnetic RAM (STT-MRAM). The company builds discrete and embedded memories and aims to be a replacement for DRAM and SRAMs. It develops its memories one 300mm standard CMOS process. Applications include enterprise storage, consumer wearable devices, IoT, networking, automotive, etc. The company holds over 225 patents, as of April 2018, for cell, circuit, process and systems design.
- Headquarters Fremont, United States
- SectorsTechnology
- Website avalanche-technology.com
- Social LinkedIn X
- Total Equity Funding$189.52M (USD)
in 17 rounds
- Latest Funding Round$10M (USD), Series F
Oct 2020
- InvestorsBessemer Venture Partners
& 8 more
Products & Services of Avalanche Technology
Avalanche Technology offers a comprehensive portfolio of products and services, including Boot Memory, Storage, and AI Multi-Processing Architecture.
Radiation resilient NVM for reliable booting in space missions
Infinite endurance buffer for fast access in aerospace applications
Building blocks for advanced AI processing in space environments
Funding Insights of Avalanche Technology
Avalanche Technology has successfully raised a total of $189.52M across 17 strategic funding rounds. The most recent funding activity was a Series F round of $10 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $189.52M
- Total Rounds 17
- Last Round Series F — $10M
- First Round $1.9M
(Feb 2007)
- Investors Count 9
Latest 10 of 17 funding rounds of Avalanche Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $10M | Series F | – | – | – |
| May 2019 | $33M | Series F | – | Thomvest Ventures | – |
| Feb 2019 | $3.5M | Series E | – | – | – |
| May 2018 | $5.25M | Series E | – | – | – |
| Apr 2017 | $19.3M | Series E | – | – | – |
| Feb 2016 | $23M | Series E | – | – | |
| Nov 2015 | $25.32M | Series E | – | – | – |
| Mar 2013 | $5M | Series D | – | – | |
| Aug 2012 | $30M | Series D | – | – | |
| Jul 2012 | $12.5M | Debt – Venture | – | – |
9 investors in total: 9 institutional.
Investors in Avalanche Technology
Avalanche Technology has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Horizon Tech Finance and Qualcomm Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward fintech, cybersecurity, and martech sectors. | thomvest.com | San Francisco, United States | ||
Corporate-backed investments are directed to fintech, healthcare, and various sectors. | rogersvp.com | Palo Alto, United States | ||
| vtbcapital-im.com | ||||
Structured debt is provided to life sciences and technology firms. | 2004 | horizontechfinance.com | Farmington, United States | |
Private equity investments are backed by a single-family office firm. | capital.vulcan.com | Seattle, United States | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Venture debt and equity financing is offered to US startups. | leaderventures.com | Palo Alto, United States |
Investor details for Avalanche Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Avalanche Technology
23 people are tracked at Avalanche Technology (10 in leadership, 5 in board & advisors, 8 in team).
| Name | Role | Group |
|---|---|---|
Kristine Schroeder | Sr. Director Business Development, Aerospace & Defense | Leadership |
Petro Estakhri | CEO, President & Founder | Leadership |
Yiming Huai | CTO & VP Of Technology And Foundry Business | Leadership |
Jing Zhang | Sr Director, Product Development | Leadership |
Neal Galbo | Chief Scientist and System Architect | Leadership |
Sam Nemazie | VP of Operations | Leadership |
Zihui Wang | Engineering Director | Leadership |
Ebrahim Abedifard | VP of Engineering | Leadership |
Danny Sabour | VP Of Sales And Marketing | Leadership |
Dean Nobunaga | Director of Design Engineering | Leadership |
Umesh Padval | Chairman | Board & advisors |
Eric Stang | Director | Board & advisors |
Anand Chandrasekher | Director | Board & advisors |
Don Butler | Director | Board & advisors |
Will Stewart | Director | Board & advisors |
Guanzhong Wu | Manager, MTJ Device And Product Characterization And Testing | Team |
Parviz Keshtbod | Senor scientist | Team |
Kiseok Moon | Device Scientist | Team |
Pengfa Xu | MTJ characterization scientist | Team |
Simon Nguyen | Sr Manager Test Engineering | Team |
3 more people are available in the full profile.
Complete people profiles for Avalanche Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Avalanche Technology
3 dated milestones of Avalanche Technology across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Avalanche Technology is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Series F, of $10.0M.
Competitors of Avalanche Technology
Avalanche Technology has 3 listed competitors in our database, 3 of them funded. They include Adesto, d-Matrix and Nimble Storage.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| adestotech.com | 2007 | Sunnyvale, United States | $74.99M | Ultra-low-power CBRAM technology is developed for IoT and health applications. | ||
| d-matrix.ai | 2019 | Los Altos, United States | $450M | 66 | Digital in-memory compute engines are developed for efficient AI processing. | |
| nimblestorage.com | 2007 | Houston, United States | $98.75M | 15,156 | Primary storage, backup, and disaster recovery solutions are delivered. |
Detailed competitors of Avalanche Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Avalanche Technology
The website of Avalanche Technology (avalanche-technology.com) receives about 5.6K visits a month.
- Monthly visits5.6K
▼ 8.5% vs previous month
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Avalanche Technology (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Frequently Asked Questions about Avalanche Technology
Avalanche Technology was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Avalanche Technology is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Avalanche Technology is a funded company, having raised a total of $189.52M across 17 funding rounds to date. The company's 1st funding round was a Debt – Venture of $12.5M, raised on Feb 2007.
Avalanche Technology develops non-volatile memory using its proprietary technology of Spin Transfer Torque Magnetic RAM (STT-MRAM). The company builds discrete and embedded memories and aims to be a replacement for DRAM and SRAMs. It develops its memories one 300mm standard CMOS process. Applications include enterprise storage, consumer wearable devices, IoT, networking, automotive, etc. The company holds over 225 patents, as of April 2018, for cell, circuit, process and systems design.
Avalanche Technology's top competitors include d-Matrix, Adesto and Nimble Storage.
Avalanche Technology offers Boot Memory, Storage, and AI Multi-Processing Architecture.
Avalanche Technology has 9 investors. Key investors include Bessemer Venture Partners, Horizon Tech Finance, Qualcomm Ventures, Thomvest Ventures, and Rogers Venture Partners.