Oakland-Based AmberPoint Lands $10.3 Million in Fourth Round

Oakland -- In its first dip into the capital markets in nearly two years, Oakland-based AmberPoint, a maker of software for service-based systems, said on Tuesday that it has secured $10.3 million in its fourth round of funding, led by new investor Meritech Capital Partners of Palo Alto. All of the company's previous investors -- Crosslink  Capital, Motorola Ventures, Norwest Venture Partners and Sutter Hill Ventures -- also participated, increasing the company's total backing to $41.1 million. AmberPoint said that it will use the funding to expand engineering operations, customer support, sales and marketing. It plans to continue its worldwide expansion, as well. Current customers include British Telecommunications, H&R Block, Motorola and the Department of Defense.
http://www.amberpoint.com/
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