Business software maker Trigo is expected to announce Monday that it has received a $14 million second round of funding, which was led by venture capital firm Mayfield. Previous investors Valent Group, Bessemer Venture Partners and JAFCO Ventures also contributed to this latest round. Brisbane, Calif.-based Trigo has raised a total of $24 million and received an increase in valuation with the most recent round, said Russ Henry, senior vice president of marketing. He noted that the second-round funding is expected to last the company until it reaches profitability in the second half of next year.
Trigo focuses its business-to-business software on companies that are selling products, rather than on buyers. The software handles tasks such as pulling information together and pushing it out to customers, as well as receiving orders that would otherwise come through faxes or call centers, Henry said.
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