PolySpace Technologies Raises 4.5 M €uros in successful second round financing

6/14/2002 - PolySpace Technologies, world leader in static verification of embedded software, has just completed its second round financing of 4.5 million euros. The transaction was led by Endeavour and SPEF Venture. The latter took this opportunity to reinforce its position as reference shareholder in the company. Rhône-Alpes Création and I-Source, existing shareholders, also took part in this increase in capital. This second round will enable the company to accentuate its technological advance by developing new products and to accelerate significantly its international presence. This will be reflected, in the second half of 2002, with the release of PolySpace Verifier for Windows and, in 2003, by an offer to the C++ developers. In terms of market development, the company will again increase the workforce at its recently created German subsidiary, and increase its coverage in the United States and Canada.

Previous Page | News by Category | News Search

If you found this page useful, bookmark and share it on: