IT service provider 6fusion raised $3 million in its first round of venture capital funding led by Intersouth Partners.
The funding is pegged to help develop 6fusion’s senior executive team, currently led by CEO John Cowan, a graduate of Queen’s University at Kingston and a Canadian citizen.
Katrin Burt and Mitch Mumma of Intersouth will join 6fusion’s board of directors as part of the deal. Intersouth is also a partner of the Council for Entrepreneurial Development, a mentoring program of sorts for entrepreneurs in the Research Triangle.
The company said it will work out of Intersouth’s office as it finalizes the location of its new headquarters, which will be somewhere in the Research Triangle region of North Carolina.
6fusion offers a tool called the Work Allocation Cube — or WAC — which tracks various elements of cloud-computing usage, like bandwidth and memory usage, and combiunes them into a single value that companies can use to simplify pricing models.
The Raleigh-based News & Observer reported that the company expects to hire about 16 new employees in the Research Triangle, and employ as many as 25 in the next six to 10 months.