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ACQUIRED COMPANY
 
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Grandis  Acquired by Samsung Electronics (2011  amount undisclosed )

1123 Cadillac Ct.
Milpitas, CA 95035
USA
408-945-2160
Website Company Summary Management Team
Team

Management: Allen Morton (VP Finance) Mohamad Krounbi (SVP GM R&D) Joel Rosenberg (VP Marketing)
Company

Business description: Grandis develops and licenses ultrahigh-density nonvolatile memory solutions based on proprietary technologies derived from cutting-edge research in spintronics. Spintronics is the application of the electron’s spin to store, manipulate and transmit information. Grandis, Inc. is a world leader in the development of Spin Torque Transfer based RAM technology (STT-RAMTM). STT-RAMTM is a "second generation" magnetic random access memory (MRAM) which solves the writing current scaling problem for conventional MRAM. STT-RAMTM is a non-volatile, fast, highly scalable memory which uses a spin-polarized current to switch the magnetic bits.
Partners include: Renesas Technology
Capital

Rounds: 1
Recent fundings: Jun 2005
Capital raised: 10.0M
Last Round: 10.0M
Ownership: Acquired by Samsung Electronics (2011  amount undisclosed )
Corporate investors: Applied Materials Ventures

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Overview
Record updated: May 2007
Sector: Communications
Year Founded: 2002
Rounds: 1
Recent fundings: Jun 2005
Capital raised: 10.0M
Last Round: 10.0M
Ownership: Acquired by Samsung Electronics (2011  amount undisclosed )