Fanfare, high-tech device testing software co., raises $12M more
Fanfare, a provider of high-tech device testing software, said it has raised $12 million
in funding.
Focus Ventures, of Palo Alto, Calif., led the round. The company said it signed contracts with six new customers in the first quarter of 2007. It says it serves all sorts of devices, including those in communications, aerospace and defense, consumer electronics, automotive, industrial, and medical fields.
Here’s the full announcement.
The company raised the money at a $54 million post-money valuation, according to separate report at PE Week.
Existing backers Matrix Partners and Redpoint Vetures also participated. Fanfare previously had raised around $13.2 million.
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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.
