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Reva Expands Series B

Reva Systems Corp., a Chelmsford, Mass.-based RFID company, has raised $10.5 million in additional Series B funding, according to a regulatory filing. The company had raised a $13.5 million first tranche last year at a post-money valuation of approximately $38 million. Company shareholders include Charles River Ventures, North Bridge Venture Partners Cisco Systems and SAP Venture.