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Chevy Chase-Based NEA Increases Investment in SuVolta

01/15/2014
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has increased its investment in Silicon Valley-based semiconductor technology firm SuVolta as part of the company's new $10.6 million funding round. The company will use the funds to accelerate the integration of its low-power chip technology into the design and fabrication of integrated circuits. Other participants included new investor Fujitsu Semiconductor and previous backers Kleiner Perkins Caufield & Byers (KPCB), August Capital, Northgate Capital and DAG Ventures. SuVolta develops and licenses transistor and design technologies that enable optimum power and performance of integrated circuits, particularly those used in the emerging "Internet of Things" market.

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