Identity management startup SailPoint Technologies raises $6.5M
SailPoint Technologies, a company that helps corporations manage issues around identity, user access and regulatory compliance, has raised $6.5 million in a third round of funding. All of the company’s existing investors, including Austin Ventures, Lightspeed Venture Partners, Origin Partners and Silverton Partners, participated.
Austin, Tex.-based SailPoint licenses its software to corporations, and says its customers include five of the world’s top 12 banks and three of the largest insurance companies. The startup has now raised… Continue Reading
FiveRuns raises $6.2M as Rails development spreads
Ruby on Rails, a programming language useful for making web applications, has gained a strong following in the development community because it is much easier to code and maintain than competitors like Java and PHP.
Initially adopted by small and independent developers, Rails is now getting some attention from corporations. Popular sites like 37signals, which is also the company that developed Rails, have used Rails for their Web 2.0 projects since its release three years ago.
FiveRuns… Continue Reading
Nascentric, chip design and analysis co., raises $7.2M from Intel Capital, others
Nascentric, a San Jose, Calif., chip design company focused on providing “Fast-SPICE” analysis tools, said it has raised a $7.2 million third round of financing.
SPICE stands for “Simulation Program with Integrated Circuit Emphasis” and is used to verify whether an integrated circuit will function correctly before fabrication. Each IC fabrication attempt can be expensive, and it often takes multiple attempts to get it right, so companies use SPICE as much as possible.
The problem with SPICE… Continue Reading