# Everspin Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/everspin-technologies

- Industry: Software
- Headquarters: Chandler, US
- Website: www.everspin.com
- Total disclosed funding: $65M
- Latest round: Series B (Dec 16, 2014)
- Investors on record: 8

## About

Everspin Technologies, Inc. specializes in developing and manufacturing advanced Magnetoresistive Random Access Memory (MRAM) solutions, catering to various industries with high reliability and fast data processing capabilities.Founded in 2008 and headquartered in Chandler, US, Everspin Technologies focuses on MRAM technology. The company went public through an IPO in October 2016, raising USD 40 mn by selling 5 million shares at USD 8 each. The firm has engaged in 6 total deals, strengthening its market position since inception. Everspin's founder has a background in semiconductor technology, contributing to the firm's expertise in memory solutions.Everspin Technologies develops Magnetoresistive Random Access Memory (MRAM) solutions, including the PERSYST MRAM and EMxxLX product families. These products provide high reliability, endurance, and fast data processing, making them suitable for aerospace, automotive, industrial, and military applications. The EMxxLX series features SRAM-like performance, low latency, and non-volatility, with an extended operational temperature range of up to 105°C. Their global customer base includes companies in the satellite and avionics sectors, ensuring effective data management and storage.In the most recent year, Everspin Technologies reported a revenue of USD 50.40 mn alongside an EBITDA of USD -5.36 mn, reflecting its focus on the B2B market through direct sales of MRAM products to original equipment manufacturers (OEMs) and commercial entities.Everspin Technologies plans to leverage its recent IPO funding to enhance product innovation and expand into new markets. The company is designing new MRAM products aimed at increasing performance and capacity, with specific releases anticipated in the coming years. Additionally, Everspin is targeting expansion into European and Asia Pacific markets by 2025, aiming to capture a larger share of the sectors requiring advanced memory solutions.

## Funding rounds

- Series B, Dec 16, 2014, $5M — Draper Fisher Jurvetson, EPIC Ventures, New Venture Partners, Western Digital Capital, Lux Capital, Sigma Partners, Global Foundries
- Series B, Nov 4, 2014, $7M — New Venture Partners, Lux Capital, Sigma Partners
- Series B, Jul 31, 2013, $15M — Draper Fisher Jurvetson, EPIC Ventures, New Venture Partners, Lux Capital, Sigma Partners
- Series A, Jan 27, 2012, $5M — Draper Fisher Jurvetson, EPIC Ventures, New Venture Partners, Lux Capital, Freescale Semiconductor, Ltd., Sigma Partners
- Series A, Jun 20, 2008, $33M — Draper Fisher Jurvetson, EPIC Ventures, New Venture Partners, Lux Capital, Freescale Semiconductor, Ltd., Sigma Partners

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B
- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series A, Series B
- New Venture Partners (https://capitalatlas.ai/funds/new-venture-partners) — Series A, Series B
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B
- Freescale Semiconductor, Ltd. — Series A
- Sigma Partners — Series A, Series B
- Western Digital Capital (https://capitalatlas.ai/funds/western-digital-capital) — Series B
- Global Foundries — Series B