Avnera Raises $10 Million for Advanced Audio Chips

Authored by Mark Hefflinger on January 15, 2010 - 8:12am.

Beaverton, Ore. - Avnera, a developer of high-fidelity audio chips for consumer electronics, said on Friday that it has closed a new $10 million, fourth round of financing.

The company said new investor Onkyo Corporation joined existing backers, who include Altien Ventures, Bessemer Venture Partners, Best Buy Capital, DAG Ventures, Intel Capital, JAFCO Ventures, Panasonic Venture Group, Polycom Corporation and Redpoint Ventures.

Founded in 2004, Oregon-based Avnera counts over 15 customers for its AudioMagic and VoiceMagic chips, including Best Buy, which uses them in its Rocketfish line of wireless stereo speakers.

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