October 4, 2006
SiCortex closes $21 million round of funding
By Jeff Lavery
SiCortex, a Maynard-based developer of Linux clusters, announced it has closed a $21 million round of funding. This is the second round of funding for the computer firm, and it has now raised a total of $42 million.
The second round was led by Chevron Technology Ventures through its venture capital arm, CTTV Investments LLC. All investors who participated in the first round of funding joined in the second, and included several venture capital firms: Polaris Venture Partners, Flagship Ventures, JK&B Capital, and Prism Venture Partners.
The company said that the funding will go towards expansion of sales and marketing efforts, and continued product development.
WBJ Web Partners
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