DevonWay Raises $7M

12/22/10Follow @wroush

San Francisco-based DevonWay, a maker of Web-based support software for nuclear power plants operators and other types of energy companies, said yesterday that it has closed a Series C funding round led by Crosslink Capital. The company did not disclose the amount of the funding in its announcement, but a December 15 regulatory filing shows that the company has raised $7.05 million out of a potential $9.55 million in equity-based financing. “We have been very impressed by how quickly DevonWay has established itself as a trusted supplier to the nuclear industry,” said Crosslink general partner James Feuille in a statement.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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