Correlsense Secures $8,000,000 Series B Financing Round

  • Feed Type
  • Date
    3/16/2010
  • Company Name
    Correlsense
  • Mailing Address
    945 Concord Street Framingham, MA 01701
  • Company Description
    Correlsense is the leader in IT Reliability™ software. Correlsense SharePath provides a breakthrough in IT Reliability by enabling both a birds-eye and detailed view of how business transactions perform across the four dimensions (4D) of end-users, applications, infrastructure and business processes. While other service management and performance management applications focus on identifying problems at individual components (servers, databases, etc.), SharePath automatically detects and traces each entire transaction path, from a click in the browser through all its hops across data center tiers.
  • Website
    http://www.correlsense.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company says the new funds will help it continue development of its technology and pursue new marketing and sales opportunities in North America and Europe.
  • M&A Terms
  • Venture Investor
    Accel Partners
  • Venture Investor
    Vertex Venture Capital
  • Venture Investor
    ProSeed Venture Capital Fund

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