Spin Transfer Technologies, a Freemont, Calif.-based maker of MRAM (Magnetoresistive Random Access Memory) technology, has appointed Barry Hoberman as CEO and board chairman. Hoberman joins the firm from the semiconductor company Crocus Technology, where he was chief marketing officer.
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Boston-based Spin Transfer Technologies, the developer of computer memory technology, secured a $36 million Series A round. The investment was led by Spin Transfer Tech’s parent company, Allied Minds and Invesco Asset Management. Spin Transfer Tech was established by NYU and Allied Minds. PRESS RELEASE BOSTON–(BUSINESS WIRE)–Spin Transfer Technologies, Inc. a leading developer of a [...]