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Addamark adds $7 million

Software company Addamark Technologies has raised $7 million in an initial round of funding led by Sierra Ventures, the company announced Friday. Other investors include Battery Ventures and several angel investors, the company said.

San Francisco-based Addamark makes enterprise software for storing, managing and analyzing log information from multiple sources. The company said it would use the money to expand its engineering and sales team and improve products.