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