Spin Memory banks Abies for series B

Feb 8, 2019 • Callum Cyrus

NYU and Allied Minds-founded Ram technology developer Spin Memory has unveiled deep tech-focused VC firm Abies Ventures as an investor in a $52m series B first announced late last year.

Spin Memory, a US-based random access memory (Ram) technology developer spun out from New York University, on Tuesday added deep tech-focused VC firm Abies Ventures to its series B round, which currently stands at $52m.
Semiconductor equipment producers Arm and Applied Materials co-led the round, supplying $29m of equity funding alongside undisclosed new and existing investors, with Applied Materials investing through its subsidiary Applied Ventures.
The remaining $22.8m came from convertible securities issued in an October 2017…

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