I am pleased to announce that we have closed a $6m Series A round, and added two talented institutional investors to our board of directors: Steve Baloff from Advanced Technology Ventures (ATV) in Palo Alto, and Len Jordan from Madrona Venture Group in Seattle.
We decided, after reaching profitability in May, that we wanted to grow faster than we could afford to via organic growth. With this funding we can really really accelerate our sales efforts, particularly in the United States. Already this month we’ve added 7 new employees to our technical and commercial teams to support new customers.
Len and Steve are both an entrepreneur’s dream, and we’re excited to have won the confidence of two great firms. I especially want to thank Jeff Payne, Scott Darling, Bill Lattin, Peter Danzig, Matt Ocko, John Katsaros and Peter Christy for their advice throughout the process.
Marty Kagan, Cedexis CEO and co-founder