Chorus Systems Lands $6 Million in Series B Financing
Posted March 2, 2006
RESEARCH TRIANGLE PARK, NC — Chorus Systems
, a startup that is focused on software for the automatic fixing of enterprise computer problems, has closed on $6 million in Series B investment.
"Chorus has put together the right ingredients for a successful private technology company," said Tom Skelton, the company's chief executive officer. "Our product is ready, we have a strong pipeline and early successes in the market and we now have the financial wherewithal to support our rapid growth."
Leading the round was Core Capital Partners. Also investing were Inflection Point Ventures and Anthem Capital Management.
Chorus plans to use the funds to expand its sales and marketing efforts plus to fund continued product research and development.
Among Chorus customers is Progress Energy, which signed on in December to use the "PreDix" suite of service. PreDix is designed to provide automated problem detection, diagnosis and remediation capabilities.
"We believe that the PreDix solution will provide us with the ability to reduce the overall cost of managing the large population of desktops within our organization", said Scott Meyer for Progress Energy in a statement when the contract with Chorus was signed last December. "Additionally, we expect to see significant improvement in the overall satisfaction of our end users as a result of fewer desktop incidents."
Chorus closed on an oversubscribed A round of $1.7 million in June of 2004. MCNC Ventures led the round along with Tri-State Investment Group.
The company, which was founded in 2002, is also backed by several angel investors.