Agiliance growth capital financing caps off a $17 million week
Some deals hits the wires, and some don’t. That’s the reality of the financing world.
Earlier today, we announced a US$5 million growth capital financing for Agiliance, of Sunnyvale, California, that closed late last week. The investment will be used to increase product marketing evangelism, leverage target sector distribution and solution coverage and bring to market a new cloud offering. Our funding follows Agiliance’s double-digit profitability over the past seven quarters, release of an innovative and high quality RiskVision™ 7, and nearly ten-fold growth in secure cloud services wins over a trailing twelve month period.
Agiliance, the Big Data Risk Company™ is the leading independent provider of integrated solutions for Operational and Security Risk programs. The Company’s flagship software platform, RiskVision, is used by leading global organizations, including Bell Canada, CIT Group, Cisco Systems, Deutsche Bank AG, DNB ASA, E*TRADE, Exelon Corporation, First Energy Corp., Fiserv, McAfee, Proofpoint, Qualcomm Inc., Safeway Inc., Southern Company, State Street Bank, and the U.S. Departments of Energy, Health and Human Services, Justice, and Veterans Affairs.
Agiliance is backed by leading venture capital firms, including Intel Capital, Walden International, Red Rock Ventures, and Castile Ventures.
This transaction came on the heels of another financing last week: as US$11 million commitment to a US-based, VC-backed firm that specializes in customer experience optimization.
With these two new portfolio companies, Wellington has financed more than 30 different VC backed-companies in the United States in Funds III and IV, helping American entrepreneurs preserve and/or create jobs for more than 5,000 knowledge workers in a short span of time.