Spin Transfer Technologies Raises $36 Million

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[Techtaffy Newsdesk]

Spin Transfer Technologies, a developer of MRAM universal computer memory technology, has secured $36 million in Series A funding. The raise was led by its Boston-based parent company, Allied Minds and Invesco Asset Management.

Spin Transfer Technologies (STT) will use the funds to scale operations, purchase equipment and grow its team, says the company.