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 supports the continued development of logic-based embedded memory technologies like MRAM that offer low power, high performance and high endurance for internet of things and edge AI [artificial intelligence] devices.”
