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Lemnos raises $50 million to invest in hardware startups
Teforia

Lemnos, a Silicon Valley venture firm focused on hardware startups, has raised $50 million for its third—and largest—fund. Jeremy Conrad and Helen Zelman founded Lemnos in 2011, originally as a startup incubator, and have invested in 39 startups, including Airware, Spire, and Teforia.