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Avogy Adds $40 Million Series B Venture Funding

Thursday, September 11, 2014 5:30:00 AM PDT | VentureDeal
   San Jose, California  --  Electronics technology company Avogy has secured Series B venture capital investment in the amount of $40 million.

Avogy says that its mission is to "increase the efficiency and reliability of power conversion systems while dramatically reducing their cost, size and weight."

Intel Capital led the round, which also included Khosla Ventures.

The company said it would use a capital for further product development and executing its go-to-market strategy.

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