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Avalanche Technology Raises More Venture Capital

Friday, October 29, 2010 5:31:00 AM PDT | VentureDeal Staff

Fremont, California  --  Semiconductor company Avalanche Technology has secured $5.5 million in new venture capital investment according to an SEC regulatory filing.

Avalanche is creating what it calls disruptive low-power non-volatile magnetic memory.

Investors in the company include Bessemer Venture Partners and Sequoia Capital. Proceeds purposes from the financing were not disclosed.

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