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Sabrix grabs $10.5 million

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Sabrix announced Wednesday it raised $10.5 million in a third round of funding, led by Trinity Ventures. Previous investors Mohr, Davidow Ventures and Venture Strategy Partners contributed to the round. The San Ramon, Calif.-based company has raised a total of $29.6 million. Sabrix develops tax management software designed to manage tax exposure and penalty risk.