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Capital Raising

Categories: FinanceTechnology

The market today is divided between Flash memories and hard disk drive. While both currently undergo tremendous increases in performance, they also face severe limitations for the mid term future (2015). Beyond the technological barrier Several physical factors related to the magnetic medium that stores the data bits are limiting the increase of density for hard disk drive technology but also for Magnetic Random Access Memory (MRAM) that shows great promise in delivering fast read nd write performance with non-volatility in a single technology.

SILTENE has developed a back end solution to treat magnetic materials for enhancing their performances, reducing manufacturing costs and improving yield for both HDD and MRAM applications. Beneficial market SILTENE targets the Hard Drive Disk and MRAM markets. Three companies share the 50 billion dollars HDD market. These companies cooperate to develop new standards for ultrahigh-density devices. The MRAM market is still emerging but it should grow very rapidly in the next few years (1 billion predicted by 2018).

Analysts consider MRAM as the universal memory as they have the potential to replace Flash, SRAM and DRAM memories in the near future.

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Our mission SILTENE aims to become the leader in advanced magnetic materials for high performance, low power Hard Disk Drive and MRAM applications and plans to establish a new manufacturing standard by developing advanced processes and associated treatment tools compatible with large scale. Our technology is currently being tested with hard disk drive and MRAM companies. A highly dynamic team and an influential network

Cyril Torre, is the president & C.

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F. O of the company. He holds a PhD in science and studied entrepreneurship at Ecole Centrale and HEC Paris. Dafln© Ravelosona, C. E. O & C. T. O, holds a PhD in physics and is a known worldwide expert in spintronics. He also worked for 2 years in the HDD research center of Hitachi GST and is currently group leader at CNRS. He also studied entrepreneurship at HEC Paris. Antonio Villari, C O O, holds a P D in physics. He is a world-renowned expert in development ot ion source and was C. O.

O at Pantechnik for 10 years (world leader in Electron Cyclotron Resonance ion sources). The advisory board of SILTENE is composed of world- renowned scientists, entrepreneurs and business developer (E. Fullerton, A. Kent, R. Cowburn, A. Steiner) Fundraising to develop the company SILTENE has raised 500k‚¬ of seed funding from public aid (OSEO emergence in 2011 and OSEO cr©ation-d©veloppement in 2012) and has been awarded several innovation prizes. SILTENE is now looking for private fundraising of 1 M‚¬ as a first step to enhance its R&D and build up an industrial prototype.

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Capital Raising. (2018, Oct 17). Retrieved from https://studymoose.com/capital-raising-essay

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