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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