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Tech Industry

Avaki raises $10 million more

Avaki has raised an additional $10 million toward its first round of funding, bringing the total raised to $16 million. Polaris Venture Partners led the round, with General Catalyst and Sofinnova also participating. Cambridge, Mass.-based Avaki develops grid software which connects a corporation's various networks, such as Unix and NT, together. The software allows employees to share information in a secure environment.

Avaki has raised an additional $10 million toward its first round of funding, bringing the total raised to $16 million. Polaris Venture Partners led the round, with General Catalyst and Sofinnova also participating. Cambridge, Mass.-based Avaki develops grid software which connects a corporation's various networks, such as Unix and NT, together. The software allows employees to share information in a secure environment.