Vormetric Inc., developer of software and server appliances to protect sensitive data, is raising $15 million in a Series D round of funding.
The company closed a first tranche of $5 million in April, and expects to close an additional $10 million in the second half of September, Vormetric President and Chief Executive Mark Pine said.
The Series D funding is coming from the same quartet of investors who participated in Vormetric's $15 million Series C round, which closed in April 2004. Those backers are JK&B Capital, QTV Capital, Sigma Partners and Vanguard Venture Partners. (Source: VentureWire.com)