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LucidEra Clears Series B Expansion Funding

Wednesday, August 15, 2007 5:00:00 AM PDT | VentureDeal Staff

SAN MATEO, CA -- Business intelligence company LucidEra announced that it has secured $15.6 million in a second round of institutional venture capital.

LucidEra delivers simpler business intelligence applications for the small and medium business market.  The applications are delivered on-demand and allow companies to gain insight into what drives their business revenues, costs and operations.

Investors in the round were lead investor Crosslink Capital and included previous investors Benchmark Capital and Matrix Partners.  The company says it will use the funding for sales and marketing expansion as well as adding further analytical capabilities to its offerings.

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