Newscale lands $2.2M to monitor IT services
NewScale, a provider of software that helps companies track how much they are using IT services — and how much it is costing them — has raised $2.2 million of a targeted $3 million in rights, reports VentureWire.
Almost exactly two years ago, the San Mateo, Calif., company raised $11 million in a fourth round of funding provided by Chess Ventures, Crosslink Capital, Menlo Ventures, Montagu Newhall Associates, New Enterprise Associates, Parker Price Venture Capital and Wasatch Cross Creek Capital.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.