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October 24, 1995

VENTURE FUNDING

By CBR Staff Writer

NeoMagic Corp, formed in Santa Clara, California to develop the world’s fastest graphics accelerator for mobile computers by combining logic and very large dynamic memory array on a single chip, has raised $8m in its third round of financing, bringing the company’s total venture capital raised to over $20m. NeoMagic’s first product, the MagicGraph NM2070, was introduced in March and provides the first 128-bit graphics subsystem for next-generation notebook computers. Integral Capital Partners was the lead investor in this round, which also includes NeoMagic’s initial investors. The other significant investors are Kleiner, Perkins, Caufield & Byers, Sequoia Capital, US Venture Partners, and Japan Associated Finance Co Ltd, it said.

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