Avalanche Technology, a US-based company specialising in computer memory technology, secured $11.5m on Monday in a round that saw participation from Qualcomm Ventures, the corporate venturing unit for telecom and semiconductor corporation Qualcomm.
The series C round was led by Vulcan Capital, the investment firm backed by Microsoft co-founder Paul Allen, and included contributions from venture capital (VC) firms Sequoia Capital and Bessemer Venture Partners, and VC fund Thomvest Ventures.
The three venture investors previously backed a $7.5m series B…
