NewScale, IT services company, raises $11M
NewScale, a Foster City, Calif. company that sells software that gives companies ways to track usage and costs of information technology services, said it has raised an $11 million in a fourth round of funding.
Investors were Wasatch Cross Creek Capital, along with existing backers Chess Ventures, Crosslink Capital, Menlo Ventures, Montagu Newhall Associates, New Enterprise Associates and Parker Price.
Here’s the company’s statement.
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