FiREapps raises $8.75M to manage foreign currency risk
FiREapps, which helps companies manage financial risk by providing up-to-date foreign currency data, has raised $8.75 million in a second round of funding.
Demand for the Scottsdale, Ariz. company’s software, which is delivered on-demand via online subscription, has been climbing in the last two quarters, says chief executive Wolfgang Koester. After all, he says, during the past few years there wasn’t a pressing need for this data among companies based in the United States — if… Continue Reading
Xeround raises $16M for cloud database
Xeround, the maker of a cloud-computing database dubbed the Intelligent Data Grid, has raised $16 million in a second round of funding.
The Bellevue, Wash.-based company (which was founded in Israel) says the IDG stands out because it allows applications to work without knowing where data is stored, or in what format. Xeround is targeting the telecommunications industry initially, where it can manage subscriber data across networks.
The round was led by Ignition Partners and Trilogy Partnership,… Continue Reading