Wednesday, September 19, 2007

Phurnace Software Raises Series A

Austin, Texas-based Phurnace Software said earlier this month that it has raised a Series A investment from DFJ Mercury. DFJ Mercury is the Texas-based affiliate of Draper Fisher Jurvetson. Financial terms of the investment were not disclosed. Phurnace said that the funding will go towards expanding sales and development of the firm's products. Phurnace develops JAVA-based, IT management software used for configuring web application servers; the firm is housed in the Austin Technology Incubator. More information »