LV Sensors shutters, looks for buyers for assets
LV Sensors, provider of semiconductor technology for wireless sensors used in cars, has closed its doors and is pursuing buyers for its intellectual assets, reports VentureWire. Based in Emeryville, Calif., the company had no choice but to shutter after failing to raise more capital in the spring. Its past backers include Mayfield Fund, U.S. Venture Partners and Panorama Capital, contributing a total of $27 million.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.