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6fusion Adds $7 Million VC Investment

Tuesday, August 23, 2011 5:30:00 AM PDT | VentureDeal Staff

Raleigh, North Carolina  --  IT company 6fusion has garnered $7 million in its second round of institutional venture capital investment.

6fusion says that it has developed an algorithm-based system that simplifies metering, consumption and billing of compute resources.

Grotech Ventures led the round, which included previous investor Intersouth Partners.

The company said it would use the financing for its growth initiatives.

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