# Power Spin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/power-spin

- Industry: Semiconductors
- Headquarters: Sendai-shi, Japan
- Website: www.powerspin.co.jp
- Total disclosed funding: $23M
- Latest round: Series C (Nov 9, 2023)
- Investors on record: 5

## About

Based in Japan, Power Spin Inc. is engaged in the development of innovative spintronics technology that enhances the efficiency of electronic components, specializing in low-power semiconductor solutions.Founded in 2018 and headquartered in Sendai-shi, Japan, Power Spin Inc. focuses on spintronics applications for electronic devices. The company has completed three deals, with its most recent funding round occurring on November 9, 2023, when it raised JPY 2.5 billion in Series C funding led by JAFCO Group, with additional participation from Mitsubishi UFJ Capital, SPARX Group, and JIC Venture Growth Investments. The company does not have known subsidiaries or a parent company, and no significant pivots in strategy have been reported.Power Spin Inc. specializes in developing advanced spintronics technology that enhances the performance of electronic components. Their offerings include circuit design services and prototype development that leverage spintronics principles to create low-power solutions like Magnetoresistive Random Access Memory (MRAM). These products cater to various applications, including consumer electronics, data storage, and high-performance computing, serving clients across North America, Europe, and Asia. The company collaborates with academic institutions to apply cutting-edge research in practical applications.Power Spin Inc. generates revenue through B2B partnerships and direct service agreements with clients for circuit design and prototype development. Contracts are tailored to client specifications and negotiated based on project complexity. Their flagship MRAM solutions are integral to these agreements, aligning with market demand for energy-efficient components, thus ensuring a robust revenue stream from both established and emerging clientele.In November 2023, Power Spin Inc. raised JPY 2.5 billion in Series C funding from JAFCO Group and other investors, aimed at strengthening global human resource recruitment, investing in CAD systems, and expanding their overseas operations. The company is focused on launching new products based on spintronics technology, with plans to enter new markets in North America and Europe by 2025 to meet the increasing demand for energy-efficient semiconductor solutions.

## Funding rounds

- Series C, Nov 9, 2023, $17M — JAFCO Group, Mitsubishi UFJ Capital, SPARX Group, JIC Venture Growth Investments
- Series B, Nov 18, 2021, $6.2M — JAFCO Group, Mitsubishi UFJ Capital, TOHOKU University Venture Partners

## Investors

- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B, Series C
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B, Series C
- TOHOKU University Venture Partners (https://capitalatlas.ai/funds/tohoku-university-venture-partners) — Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series C
- JIC Venture Growth Investments (https://capitalatlas.ai/funds/jic-venture-growth-investments) — Series C