Achronix Inks First Close on $45M Series C

Achronix Semiconductor Corp., a maker of field-programmable gate arrays, has held a first close of a planned $45 million Series C mezzanine financing round. More that $40 million has been committed, and the company expects to close on an additional $5 million within the next two months. The San Jose, Calif.-based company has raised at least $68.4 million in two previous rounds from investors including Argonaut Private Equity, Battery Ventures, New Science Ventures, Easton Capital Investment Group and Entrepia Ventures.

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