IT Company Receives Venture Funding @MoscowTimes @resilient_ent #VentureCapital

The DFJ VTB Capital Aurora venture fund has invested in Avalanche Technology, which is developing a new type of computer memory. The product Avalanche is making is called spin programmable memory. Avalanche raised $30 million during the fourth round of equity funding, VTB Capital and Avalanche said in a joint statement. The largest investor was venture fund DFJ VTB Capital Aurora. Aidar Kaliyev, the global head of venture capital at VTB Capital, is a member of Avalanche's board of directors.

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