Antaios, a France-based provider of computer memory, has raised $11m in a round including Applied Ventures, the corporate venture capital unit of US-based chip maker Applied Materials.

French venture capital firms Innovacom and Sofimac Innovation led the round with additional financing from state-owned Bpifrance.

Founded in 2017 after a decade of research at Spintech, Antaios provides spin-orbit torque magnetic random-access memory (SOT-MRAM), which it wants to deploy in almost every chip as a universal (embedded) memory.

Michael Stewart, investment director at Applied Ventures, said: “Applied Ventures…

James Mawson

James Mawson is founder and chief executive of Global Venturing.