Fundraising FoxAvalanche Technology
Fremont, US · Founded 2006 · Delaware corporation · 4 employees on LinkedIn · 4 known investors
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Avalanche Technology develops space-grade non-volatile MRAM memory designed to survive radiation, retain data permanently, endure unlimited writes, and commit data in nanoseconds for space missions and systems. Its products target aerospace and space-system engineers building spacecraft and satellite hardware.
Founders & leadership
Avalanche Technology was founded in 2006 by Petro Estakhri and Rajiv Ranjan.
Board
DB
WS
William StewartBoard director
ES
Eric StangBoard director
Investors · 4
Bessemer Venture PartnersreportedSan Francisco · $50K – $100M
How we know: funding news · Not right? Tell us
Qualcomm VenturesreportedSan Diego · $5M
How we know: funding news · Not right? Tell us
Sequoia CapitalreportedMenlo Park · $100K – $50M
How we know: funding news · Not right? Tell us
Thomvest VenturesreportedSan Francisco · $2M – $5M
How we know: a partner's Signal profile · funding news · press coverage · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$63.4M disclosed across 5 rounds · 2015–2020
▶$10MraisedOct 2020 · 3 investors · Other TechnologyRule 506(b)
▶$10MraisedOct 2020 · 3 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Umesh PadvalDirector
- Sailesh ChittipeddiDirector
- Don ButlerDirector
- Eric StangDirector
- Will StewartDirector
- Anand ChandrasekherDirector
- Robert NetterExecutive Officer
- Petro EstakhriExecutive Officer, Director
- Offering amount
- $12.7M
- Amount sold
- $10M
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.5MraisedFeb 2019 · 1 investors · Other TechnologyRule 506(b)
▶$3.5MraisedFeb 2019 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Umesh PadvalDirector
- Petro EstakhriExecutive Officer, Director
- Eric StangDirector
- Robert NetterExecutive Officer
- Don ButlerDirector
- Offering amount
- $33.9M
- Amount sold
- $3.5M
- First sale
- Feb 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5.3MraisedMay 2018 · 3 investors · Other TechnologyRule 506(b)
▶$5.3MraisedMay 2018 · 3 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Robert NetterExecutive Officer
- Don ButlerDirector
- William StewartDirector
- Eric StangDirector
- Stuart NagaeDirector
- Umesh PadvalDirector
- Petro EstakhriExecutive Officer, Director
- Offering amount
- $10M
- Amount sold
- $5.3M
- First sale
- May 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$19.3MraisedApr 2017 · 3 investors · Other TechnologyRule 506(b)
▶$19.3MraisedApr 2017 · 3 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Don ButlerDirector
- Robert NetterExecutive Officer
- Rajiv RanjanExecutive Officer
- William StewartDirector
- Umesh PadvalDirector
- Stuart NagaeDirector
- Eric StangDirector
- Petro EstakhriExecutive Officer, Director
- Offering amount
- $35.3M
- Amount sold
- $19.3M
- First sale
- Oct 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$25.3MraisedDec 2015 · 14 investors · Other TechnologyRule 506(b)
▶$25.3MraisedDec 2015 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Don ButlerDirector
- Eric StangDirector
- William StewartDirector
- Petro EstakhriExecutive Officer, Director
- Robert NetterExecutive Officer
- Rajiv RanjanExecutive Officer
- Offering amount
- $27M
- Amount sold
- $25.3M
- First sale
- Nov 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 4
EverspinEverspin Technologies manufactures Magnetoresistive Random Access Memory (MRAM) products for mission-critical applications requiring high reliability, low power consumption, and fast access. The company serves aerospace, defense, automotive, industrial, and data center markets with specialized memory solutions designed for extreme environments.
AvalancheThe Avalanche Foundation is a non-profit organization that supports innovation and growth in the Avalanche ecosystem through grants, programs, and strategic support for developers, entrepreneurs, and communities building on the Avalanche blockchain platform.
Avalanche EnergyAvalanche Energy develops compact fusion technology to generate high-energy neutrons for materials testing, radioisotope production, and advanced nuclear battery systems serving defense, space, and commercial power applications. The company also provides high-voltage vacuum components and operates FusionWERX, a commercial-scale fusion testing facility.
PowerspinPowerSpin develops spintronics-based power semiconductors and high-efficiency power electronics technology, offering intellectual property licensing, circuit designs, and consulting services.
Companies working in the same space as Avalanche Technology.
Non-dilutive funding · 1 SBIR/STTR award
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| NASA | Phase I | 2019 | $124.6K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does Avalanche Technology do?
- Avalanche Technology develops space-grade non-volatile MRAM memory designed to survive radiation, retain data permanently, endure unlimited writes, and commit data in nanoseconds for space missions and systems. Its products target aerospace and space-system engineers building spacecraft and satellite hardware.
- Who founded Avalanche Technology?
- Avalanche Technology was founded by Petro Estakhri, Rajiv Ranjan in 2006.
- Who are Avalanche Technology's investors?
- Avalanche Technology's investors include Bessemer Venture Partners, Qualcomm Ventures, Sequoia Capital, Thomvest Ventures.
- How much funding has Avalanche Technology raised?
- Avalanche Technology has disclosed $63.4M raised across 5 rounds.
- Where is Avalanche Technology headquartered?
- Avalanche Technology is headquartered in Fremont, US.