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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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