$10M for Demandbase

5/12/11

Demandbase, a San Francisco-based business-to-business marketing technology startup that helps it clients gather data on the other companies visiting their websites, said today that it has raised $10 million in new venture financing. New investor Sutter Hill Ventures led the round, which was joined by existing investors Sigma Partners, Altos Ventures, and Adobe Systems (NASDAQ: ADBE). The company said it will use the new funds to “support the rapid adoption of the technology by large enterprises and partners, and further expansion of the data network globally.”

Wade Roush is a contributing editor at Xconomy. Follow @

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