Semiconductor Startup Raises $25.4 Million

Achronix Semiconductor Corp., a San Jose, Calif.-based fabless maker of field-programmable gate arrays, has raised $25.4 million in Series A funding. New Science Ventures and Battery Ventures co-led the round, and were joined by Entrepia Ventures and Easton Capital. Larkspur Capital advised Achronix and acted as its placement agent.