July 20, 2012
Framingham’s Correlsense Raises $3M
Framingham-based Correlsense Inc. announced it has closed $3 million in series C funding.
Correlsense, which makes application-monitoring software for information technology professionals, said it will use the money to expand its network of sales and technology partners and to enhance sales and marketing. The company’s main product is called SharePath.
Investors in the recent round include Accel Partners, Vertex Venture Capital, ProSeed Capital Fund, eXeed Technology and Technicion Research & Development Foundation.
Correlsense, founded in 2005, landed $8 million in a 2010 investment round.
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