Beaverton, OR-based Avnera, which makes chips for wireless audio and other consumer electronics applications, announced today it has closed a $10 million Series D financing. The money was raised from new investor Onkyo, as well as existing investors. This is part of the same funding round we reported on in November, when the company had raised $8 million of the $10 million equity offering. Avnera was founded in 2004, and has now raised a total of $52 million in four rounds of financing from Altien Ventures, Bessemer Venture Partners, Best Buy Capital, DAG Ventures, Intel Capital, JAFCO Ventures, Onkyo Corporation, Panasonic Venture Group, Polycom Corporation, and Redpoint Ventures.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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