US-based enterprise software company Aternity closed a $13m series D round of funding yesterday, led by Investor Growth Capital (IGC), a venture capital firm backed by Sweden-based industrial holding company Investor AB. The round also saw participation from Aternity’s existing investors, the corporate venturing unit Intel Capital, Israel-based holding company Clal Industries and Investments, and venture capital (VC) firms Vertex Venture Capital and Genesis Partners. Intel previously led a $5m round in May 2007, with Clal, Vertex, Genesis and VC fund Portview Communications Partners all contributing. Portview, Vertex, Genesis and Clal also invested $7.5m in Aternity, in 2005, according to Israeli financial newspaper Globes. Aternity provides a software platform for its users that monitors performance and analytics to reduce business disruption and optimise resources accordingly. Aternity plans to use the investment to expand its sales and marketing teams and develop new products. Noah Walley, managing director of Investor Growth Capital, said: "Aternity’s success with product and service delivery, global customer and partner acquisition, and industry market leadership has been very impressive. Opportunities like Aternity are rare and we are excited to align with the company, its team, and existing investors to help fuel this next phase of market leadership."
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Intel helps Aternity raise $13m
Oct 12, 2011 • Robert Lavine
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