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Cinvensense closes its second round of funding of $11 million.(Industry News)(Brief article)

InvenSense (Santa Clara, Calif.), a leading provider of integrated motion sensing solutions for mobile and consumer applications, announced it has secured $11 million in Series B funding. The infusion will finance the company's high-volume production ramp for its popular integrated dual-axis gyroscope and will fund the completion of new product development for the handset market. QUALCOMM Ventures participated in the round, along with existing investors Artiman Ventures and Partech International, who fully participated in the round.

The new round of funding is the next

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