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Avalanche Accepts New Venture Capital Investment

Monday, February 08, 2010 5:36:00 AM PDT | VentureDeal Staff

Fremont, California  --  Semiconductor company Avalanche Technology has secured $7.5 million in a new round of institutional venture capital financing.

Avalanche says that it is developing disruptive technologies in the low-power non-volatile magnetic memory space.

Investors in the round were Bessemer Venture Partners and Sequoia Capital.  Proceeds purposes from the funding round were not disclosed.

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