Vcommerce rings up $8 million

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

Dawn Kawamoto

March 11, 2003 11:59 a.m. PT

Vcommerce announced Monday it raised an $8 million fourth round of funding, led by StarVest Partners. Previous investors Archery Capital, Benchmark Capital, @Ventures and CMGI also participated in this latest round. The Scottsdale, Ariz.-based company has raised a total of $64 million to date. Vcommerce develops supply-chain management software to monitor orders and inventory. The software notifies companies when problems arise and provides real-time information to assist in developing a solution.