Bethesda, Maryland -- Software developer Cobrain has received $4.7 million in new equity venture capital funding, according to an SEC regulatory filing.
Cobrain has developed technology that personalizes virtually unlimited numbers of apparel items from the 400 most popular retailers.
The company says that "it's like shopping in 400 stores simultaneously."
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
The filing indicated that the total amounts included $3.3 million in canceled indebtedness formally held by certain investors.
A total of 22 investors participated in the offering.
Cobrain is still seeking $1.475 million in additional financing, according to the filing.