Investment Profile
- New Venture Partners Team
- Ketan Patel
- Stephen Socolof
- David Tennenhouse
EverSpin Technologies is the global leader in developing and manufacturing magnetic-based memory (MRAM). With roots in Freescale Semiconductor, EverSpin is now an independent company backed by prominent venture capital firms. A growing number of leading corporations have adopted EverSpin MRAM to enable their most advanced products.
“Freescale was looking for the right investment partner to commercialize a breakthrough technology that had continuing strategic importance for them. New Venture Partners negotiated an entire set of agreements for the spinout of our business and for our ongoing manufacturing and sales partnership with Freescale, and led the syndication with other venture investors. We now have a thriving independent venture and a strong strategic relationship with Freescale.
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-Saied Tehrani, Founder and COO, EverSpin Technologies