Copyright management service SIPX has received $4m in a series B round which saw investment from its parent Stanford University.

The round was led by venture firm Mohr Davidow, and was joined in participation by peers XSeed Capital and Ulu Ventures, alongside Stanford.

Since spinning out last September, the Palo Alto-based firm has raised $6.4m in venture backing. In January, the firm raised a series A worth $2.4m with backing from XSeed and Ulu.

SIPX plans to use the funds…

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