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Chipmaker Zeevo receives $20 million

Chipmaker Zeevo has raised $20 million in a fourth round of funding led by WK Technology Fund, Zeevo announced Monday. Also participating were previous investors Sequoia Capital, Raza Venture Fund and Focus Ventures. Zeevo specializes in chips for Bluetooth, a short-range wireless technology. The Santa Clara, Calif.-based company, which has raised a total of $65.9 million, will use the money to increase production and expand sales and marketing efforts.