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Magnet Systems Attracts Early Stage Venture Capital

Friday, April 29, 2011 5:54:00 AM PDT | VentureDeal Staff
   Palo Alto, California  --  Software technology company Magnet Systems has landed $12.6 million in an early round of venture capital investment.

Magnet is developing what it says is a new type of platform that enables enterprises to create more robust social applications for workforce productivity.

Andreessen Horowitz led the round, which also included other individual investors.

The company did not say how the funding proceeds would be used.

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