X

Formation Systems gets $16 million

Formation Systems has raised a $16 million fifth round of funding. Investors included Bain Capital Ventures, and previous investors Lightspeed Venture Partners and ABS Ventures. Southborough, Mass.-based Formation Systems has raised a total of $37 million and received a 5 percent decrease in valuation with its latest round, a representative said. The company's software allows companies to have a central repository of information, providing faster access to data. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Formation Systems has raised a $16 million fifth round of funding. Investors included Bain Capital Ventures, and previous investors Lightspeed Venture Partners and ABS Ventures. Southborough, Mass.-based Formation Systems has raised a total of $37 million and received a 5 percent decrease in valuation with its latest round, a representative said. The company's software allows companies to have a central repository of information, providing faster access to data.

See complete list.