Avnera raises $3.7M

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Tuesday, February 12, 2013

Beaverton computer chip company Avnera said in a regulatory filing that it raised $3.7 million of a $4.7 million investment round.

The company had already raised at least $62 million in prior backing, some from venture capitalists and some through investments by its strategic partners. Today's filing describes the investment as "Series E Preferred Stock and Series E Preferred Stock Purchase Warrants."

Best Buy, Sony, Logitech, Panasonic, Samsung and others have licensed Avnera's technology for use in their own products.

Read more at OregonLive.com.

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