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Allied Minds’ STT grabs $70 mln

Spin Transfer Technologies, a subsidiary of Allied Minds, has closed $70 million in funding. Woodford Investment Management led the round. Based in Fremont, Calif., STT is a maker of computer memory echnology.

Spin Transfer Technologies Names Barry Hoberman Chairman and CEO

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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