The venture capital arm of Irvine-based Western Digital Corp. co-led a $29 million funding for memory products maker Everspin Technologies Inc.
Santa Clara-based GlobalFoundries was the other lead investor in the Series B round. It wasn’t disclosed how much of the total came from Western Digital.
Chandler, Ariz.-based Everspin has other venture capital investors, including Draper Fisher Jurvetson in Menlo Park and New Venture Partners in Murray Hill, N.J.
Western Digital is among the largest public companies with headquarters in Orange County. The storage products maker had about $15.1 billion in revenue and $1.6 billion in profit for the year through June.
Western Digital stock closed down about 4.8% Monday to a market capitalization of $24.6 billion.
