Solidcore raises $10M for tracking changes across IT systems
Solidcore Systems, a Palo Alto, Calif. provider of technology that tracks and controls changes across a company’s IT systems, has raised $10 million in a fourth round of venture capital financing.
The round was led by JAFCO Ventures, and included existing backers Matrix Partners, Menlo Ventures and Sevin Rosen Funds. Total financing to date is $40 million and, according to a statement by the CEO to VentureWire, the latest round saw a valuation increase of 20 percent.
JAFCO Ventures, a Palo Alto-based venture arm of the Japanese publicly traded venture capital company, will help the company expand in Asian, the company said. Two of its competitors are Tripwire and Active Reasoning.
Solidcore, in a statement, reported the following:
• More than four-times year-over-year revenue growth
• New customer successes that include Los Angeles World Airports, NEC and Motorola
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
