6Fusion USA nabs $10.9M | - Part 14757423
Summary
Raleigh-based 6fusion USA, a company that measures IT infrastructure and cloud services costs, has raised $10.9 million in equity according to a filing with the U.S. Securities and Exchange Commission. The company’s CEO John Cowan told the Triangle Business Journal the funding was only about converting the firm’s outstanding notes. 6fusion USA moved to Raleigh in 2010 on the heels of a $3 million funding round from Durham’s Intersouth Partners. The company raised $7 million in 2011 in a round led by Virginia-based Grotech Ventures, with Intersouth participating. The company’s technology focuses on an algorithm designed to help customers manage the metering, consumption and billing of IT services such as in “cloud computing.” The company plans to move to a new downtown Raleigh headquarters in a renovated building that will also have Distil Networks and FilterEasy as tenants.