Newscale lands $2.2M to monitor IT services
Summary
NewScale, a provider of software that helps companies track how much they are using IT services — and how much it is costing them — has raised $2.2 million of a targeted $3 million in rights, reports VentureWire. Almost exactly two years ago, the San Mateo, Calif., company raised $11 million in a fourth round of funding provided by Chess Ventures, Crosslink Capital, Menlo Ventures, Montagu Newhall Associates, New Enterprise Associates, Parker Price Venture Capital and Wasatch Cross Creek Capital.
Funding
Amount
$2.2M
Total raised
Date
July 10, 2009
Announcement date
Investors
Menlo Ventures, New Enterprise Associates (NEA), Cross Creek, Chess Ventures, Montagu Newhall, Parker Price Venture Capital, Crosslink Capital
Lead investors
Company
http://www.newscale.com
Funded company
Classifications
industries
No industries detected
applications
Networking and Cloud
AskAI Classifications
Labels
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