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§ Public · Chandler, AZ, USA
Semiconductor company manufacturing MRAM products for high-reliability industrial, medical, automotive, and data center applications.
Everspin Technologies is a Chandler, Arizona-based semiconductor company that manufactures and sells magnetoresistive random access memory products and provides specialized foundry services. The publicly traded firm produces non-volatile memory solutions, including Toggle MRAM and spin-transfer torque MRAM, designed for high-reliability applications across the industrial, medical, automotive, aerospace, and data center sectors. Operating with a dedicated workforce of 87 employees, the enterprise generates revenue through direct sales and distributors, reaching a market capitalization of $244.64 million in early 2026. Prior to its Nasdaq initial public offering, the business received financial backing from notable venture capital firms and strategic investors, including NXP Semiconductors, New Venture Partners, Sigma Partners, and Lux Capital. The organization was officially founded in 2008 as an independent spin-out from the MRAM division of Freescale Semiconductor by a team of its former engineers and executives.
EverSpin Technologies has raised $77.0M across 3 funding rounds.
EverSpin Technologies has raised $77.0M in total across 3 funding rounds.
EverSpin Technologies has raised $77.0M across 3 funding rounds. Most recently, it raised $29.0M Series B in January 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 26, 2015 | $29M Series B | — | Draper Fisher Jurvetson, Epic Ventures, GlobalFoundries, LUX Capital, NEW Venture Partners, Sigma Partners, Western Digital Capital | Announced |
| Aug 1, 2013 | $15M Series B | — | LUX Capital, Draper Fisher Jurvetson, Epic Ventures, Stephen Socolof, Sigma Partners | Announced |
| Apr 1, 2008 | $33M Series A | — | LUX Capital | Announced |
EverSpin Technologies has raised $77.0M in total across 3 funding rounds.
EverSpin Technologies's investors include Draper Fisher Jurvetson, Epic Ventures, GLOBALFOUNDRIES, Lux Capital, New Venture Partners, Sigma Partners, Western Digital Capital, Stephen Socolof.
Everspin Technologies is a publicly traded semiconductor company (NASDAQ: MRAM) headquartered in Chandler, Arizona, specializing in the development and manufacture of magnetoresistive RAM (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) families.[1][3] It serves data centers, cloud storage, energy, industrial, automotive, consumer, and transportation markets by providing high-endurance, fast non-volatile memory that combines RAM speed with Flash-like persistence, while also licensing embedded MRAM (eMRAM) technology and offering backend foundry services.[1][2] The company has shipped over 60 million MRAM chips since 2008, with recent expansions like the PERSYST EMxxLX family for automotive and FPGA applications driving growth, including a projected revenue ramp in the second half of 2025.[2][3]
Everspin originated as a spin-off from Freescale Semiconductor in 2008 to focus exclusively on its MRAM business.[2] Key early milestones include announcing BGA packages in 2008, releasing the first SPI MRAM family and embedded MRAM samples with GlobalFoundries in 2009, ramping production and selling its first million units by 2010, and qualifying the industry's first 16Mb densities that year.[1] The company advanced rapidly, shipping 256Mb STT-MRAM samples in 2016 alongside GlobalFoundries' 22nm eMRAM announcement, and went public via IPO on October 7, 2016.[1]
Everspin rides the wave of demand for persistent memory in edge AI, IoT, automotive, and aerospace, where traditional flash falls short on speed, endurance, and reliability amid rising needs for real-time processing and data logging.[3] Timing aligns with shrinking process nodes (e.g., 22nm eMRAM since 2017) and market shifts from flash to MRAM in FPGAs and sensors, fueled by AI-driven edge computing and electrification in autos/transport.[1][2][3] It influences the ecosystem by enabling foundry IP (e.g., GlobalFoundries), shipping millions of units across sectors, and pioneering high-density STT-MRAM, positioning MRAM as a key enabler for resilient, power-efficient systems in data centers to space.[1][2]
Everspin is poised for accelerated growth through 1Gbit STT-MRAM launches, automotive-grade expansions, and deeper FPGA/space integrations, with 2025 revenue ramping in H2 amid sustained MRAM adoption.[2][3] Trends like edge AI, EV proliferation, and radiation-hardened computing will amplify its trajectory, potentially evolving its role from niche pioneer to mainstream persistent memory supplier as densities scale and partnerships expand. Everspin's spin-off roots and MRAM mastery cement it as the enduring force in non-volatile innovation.[1][2]