Fanfare, a provider of high-tech device testing software, said it has raised $12 million
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.