New York University and Allied Minds teamed to establish Spin Transfer Technologies (STT) to develop and commercialize its spin transfer magnetoresistive random access memory technology. The technology was originally developed from the mesoscopic magnetism research conducted in the laboratory of Professor Andrew Kent. Dr. Kent’s research into spin transfer induced reversal of magnetization orientation showed that switching magnetic orientations can be accomplished much faster than in conventional spin transfer approaches. This discovery has significant implications for the development of spin transfer MRAM devices, including faster switching times, lower switching energy, higher write endurance and greater scalability to smaller dimensions.

STT was incorporated in 2011 under the leadership of CEO Barry Hoberman to commercialize the technology.  The company established its headquarters in Fremont, CA and completed the development of its clean-room magnetics R&D fab in late 2015.  STT has raised a total of $108 million from investors in multiple funding rounds.  The company has built a team of industry-leading experts in magnetics and memory technologies, and continues to have a close collaboration with NYU and Professor Andrew Kent.

Andrew Kent is a Professor of Physics, NYU and a Fellow of the American Physical Society. He is an expert in the fabrication of spin-transfer devices and the characterization of their high-frequency response.