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Algebraix Data Rages VC Investment Funding

Friday, February 11, 2011 5:33:00 AM PDT | VentureDeal Staff

San Diego, California  --  Software development company Algebraix Data has garnered $7.5 million in venture capital debt, according to an SEC regulatory filing.

Algebraix says that it has created database software that provides enterprises with a faster and more affordable way to gather business intelligence.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

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