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SupplySolution rakes in $9.5 million

Alorie Gilbert Staff Writer, CNET News.com
Alorie Gilbert
writes about software, spy chips and the high-tech workplace.
Alorie Gilbert
Software marker SupplySolution said Monday that it has closed a fourth round of venture funding totaling $9.5 million. The Sprout Group, Enterprise Partners and Sigma Partners were the investors. The Santa Barbara, Calif. company, founded in 1998, has raised a total of $64 million. SupplySolution makes software applications designed to help manufacturers coordinate orders and inventory with their suppliers electronically.