Grandis, Inc.

Grandis, Inc. was founded in 2002 by Dr. Paul Nguyen and Bill Almon and was backed by venture capital firms such as Sevin Rosen Funds and Matrix Partners to pioneer non-volatile solutions based on Spintronics. The company developed thin-film memory, which included the invention of spin transfer torque - random access memory (STT-RAM).

Grandis, Inc. was founded in Milpitas, CA in 2002 by Dr. Paul Nguyen, the company's first CEO and president, and Bill Almon, who later became CEO.^[1]

After receiving initial seed fundings, the company started to hire new employees to expand its operations. Farhad Tabrizi, an executive from Lexar Media/Micron Technology and Hynix joined in 2007 as CEO.^[2]

Grandis invented the first spin-transfer torque thin film structures based on magnetic tunnel junctions and quickly became the leader in the STT-RAM space. In 2011, Grandis was acquired by Samsung Electronics Co., Ltd and merged into Samsung's memory operations.^[3]

Grandis supplies thin film memory devices. The company is also a licensor of magnetoresistive random-access memory (MRAM) process and design technology to fabless semiconductor companies, wafer foundries, and integrated device manufacturers. Target applications include storage, telecommunications, mobile devices, and computer networking.

Grandis technology sought to address the problems of write selectivity and speed, low read signal, and thermal stability from which other products in the Magnetic Random Access Memory (MRAM) industry suffered.

Grandis's capital investors included Matrix Partners, Sevin Rosen Partners, and Applied Materials Ventures. The acquisition by Samsung resulted in a highly successful exit for Grandis's investors.^[4]