Friday, February 5, 2010

Avalanche Technology Gets Bessemer, Sequoia Backing Worth $7.5M

Fremont-based Avalanche Technologym, a firm developing what it describes as disruptive low power non-volatile magnetic memory, has raised $7.5M in a funding round which now includes Bessemer Venture Capital and Sequoia. Details on the funding have not been released. Bessemer's Rob Chandra, and Sequoia's Gaurav Garg are both now listed on the firm's board. More information »