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Chipmaker Achronix raises $52 million for FPGA tech

Posted on October 15, 2008

What venture capital drought? Chipmaker Achronix Semiconductor Corp. has just raised $52 million in a Series B funding round, one of the largest chip sector fundraisings of the year.The funding was led by Argonaut Private Equity, with participation from returning investors Battery Ventures, Easton Capital Investment Group, New Science Ventures and Entrepia Ventures. Achronix says that $43 million of the total funding closed on Oct. 10 and the remainder will close over the next several weeks. The company has now raised total of about $77 million after last year collecting $25.4 million in an i...

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