Achronix Semi Raises $43 Million

Achronix Semiconductor Corp., a San Jose, Calif.-based fabless maker of field-programmable gate arrays, has raised $43 million in Series B funding. It expects to add an additional $9 million within the next few weeks. Argonaut Private Equity led the first close, and was joined by return backers Battery Ventures, New Science Ventures, Easton Capital Investment Group and Entrepia Ventures. Achronix previously raised a $25.4 million Series A round.

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