klocwork, a start-up based in Santa Clara, California and Ottawa, Ontario, raised $9 million in Series B private equity financing to support its "software intelligence" solutions. The company is building automated software that analyzes a system, extracts information directly from the source code, identifies defects, productivity bottlenecks, stability problems, and takes corrective action. U.S. Venture Partners led the round, and Cisco Systems, Inc., and Duke University, became new investors. Pequot Ventures added to its original investment.
http://www.klocwork.com
- klocwork received its initial $5 million Series A funding in February 2001 from Pequot Ventures, when it was spun-off by Nortel Networks after a five-year incubation period.
