Friday, June 17, 2005

Clovis attracts $11 million in new venture capital

"Petaluma's Clovis Solutions was founded in the depths of the high-tech recession in 2002, when other Telecom Valley companies were shedding employees or closing their doors.

Three years later, the startup has an $11 million infusion of venture capital and is rolling out its first product, a new software platform for server giants Hewlett-Packard and IBM."
Clovis won $5.4 million in financing in 2003 from San Francisco-based Walden International and Palo Alto-based Sevin Rosen Funds, two venture capital companies.


[The Press Democra]

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