Tuesday, December 21, 2010

DevonWay Adds Funding

San Francisco-based DevonWay, a developer of software-as-a-service for the nuclear power industry, announced Tuesday that it has raised a Series C funding round. Amount of the funding was not disclosed. DevonWay said the new funding came from Crosslink Capital. The funding will go towards accelerating its product portfolio, to expand its leadership team, and for US and international expansion. The firm said it has appointed Jeffrey J. Read as COO as part of the funding. A recent regulatory filing indicates the round was worth somewhere around $7.05M. More information »