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Corticon Gets $3.4 M Series A
REDWOOD CITY, CALIF. (VENTUREWIRE, APRIL 30, 2001)Corticon Technologies, a developer of Internet infrastructure software for financial services and insurance industries, announced the close of a $3.4 million Series A led by American Century Ventures, with Securitas Ventures and individual investors participating. The money will be used for product development and sales. With this round, there were no additions to the three-member board, which includes Charles Blalack, chairman and CEO of investment banking firm Blalack & Co., and Craig Johnson, a partner at investment firm Saw Island Partners. The company was founded in February 2000 by chairman and CEO Mark Allen, along with CTO and vice president of engineering Pedram Abrari. Corticon Technologies is currently seeking a Series B round of $15 million, to close in June, targeting venture and strategic investors.
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