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ProClarity announced Monday that it closed a $7.75 million funding round. Summit Partners led the round and received a seat on the Boise, Idaho-based company's board of directors. The company raised its $2 million first round in March 2000 when it was named Knosys. ProClarity makes analytics software, which analyzes business data, and will use the financing to continue its growth and global expansion strategies. The company's customers include AT&T, Allstate, CompUSA, Ericsson, Hewlett-Packard, Nordstrom, Pennzoil QuakerState and the Veterans Health Administration.
Vocus said Tuesday it closed its $13.4 million second round of funding. The Lanham, Md.-based company has raised a total of $15.4 million and received nearly a 500 percent increase in valuation, CFO Stephen Vintz said. Lazard Technology Partners led the round and Sterling Venture Partners also participated, along with several previous investors. Vocus develops automation software for the public relations industry, which performs functions such as gathering articles from clipping services and storing them, to sending out copies of press releases in bulk e-mails. Public relations employees at Arthur Andersen, Southwest Airlines, Allstate Insurance and Nordstrom are among those using its software. See complete list.
MSN Money Central, Microsoft's personal finance Web site, has added insurance information to its list of content and resources. Powered by InsWeb, the service will allow consumers to shop for insurance plans, read advice and participate in workshops on Money Central. InsWeb's insurance partners include Allstate, John Hancock, Ohio Casualty Group and State Farm Insurance.
LANart has received in excess of $2 million in additional venture capital financing from firms including Charles River Venture Partners, Allstate Venture Capital, and Sigma Partners.