Stealth finance software firm Verient raises an additional $1.5 million
Verient is a stealth company based in San Jose, Calif. that is building software to manage transactions for financial institutions, to help them make money both online and offline, chief executive Rajesh Shakkarwar tells me.
He’s not saying much more at this point, but the company has raised $1.5 million from
DoCoMo Capital and Global Catalyst Partners, which is a more recent part of an earlier round we covered. The company previously raised $2.13 million of an $8.45 million Series A round
Before that, the company raised $750,000 in seed financing from John McCoy, the former Chairman and chief executive of Banc one (who’s also a board member of AT&T, Cardinal HealthCare and other large companies.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.