Byfield, Massachusetts -- Software technology company Setem Technologies has received $851,000 in new equity venture funding, according to an SEC regulatory filing.
Setem has developed a suite of technologies that provide advanced signal processing and management for audio applications.
Investors in the financing were not disclosed in the filing, nor how the company intends to use the proceeds.
A total of 17 investors participated in the offering.
Setem is still seeking $1.65 million in additional financing, according to the filing.
Minimum investment size per investor was listed as $1,500.