Tuesday, February 2, 2010

Coaxis Gains $10M

Portland-based Coaxis, a developer of software for the construction industry, has raised $10M in an investment round, according to venture firm Updata Partners. Updata said Tuesday that it provided the funding to Coaxis, for growth and international expansion. In announcing the deal, Updata said that Coaxis is profitable, and has enjoyed "record" growth despite the economy. More information »