Monday, June 9, 2008

Innotas Gets $6M

San Francisco-based Innotas, a provider of software-as-a-service for project management, announced today that it has completed a Series C venture financing worth $6M. Investors in the round included ArrowPath Venture Partners, Velocity Interactive Group, and other, unnamed strategic investors. Innotas said the funding will go to expand sales and marketing, infrastructure, and product development. Innotas develops software used by enterprises to manage their projects. More information »