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Axeda Garners $9 Million Series B Venture Capital

Thursday, October 29, 2009 5:34:00 AM PDT | VentureDeal Staff

Foxboro, Massachusetts  --  Software developer Axeda Corp. has raised $9 million in its second round of institutional venture capital investment.

Axeda has developed software that helps enterprises manage their people and assets remotely in a more efficient manner.

Investors in the round included JMI Equity and MMV Financial.  The company said it will use the funding for its future growth initiatives.

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