Technion Research & Development Foundation is joined in the series C round by venture firms Accel Partners, Vertex Venture Capital, ProSeed Venture Capital Fund and eXeed Technology.

Technion Research & Development Foundation, a subsidiary of the Technion-Israel Institute of Technology, has backed Correlsense, a US-based transaction management software business, as part of a $3m round. Technion was joined in the series C round by venture firms Accel Partners, Vertex Venture Capital, ProSeed Venture Capital Fund and eXeed Technology. Correlsense was founded in 2005.

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