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Thor Technologies gets $19 million

Thor Technologies announced Monday that it has raised a $19 million second round of funding led by Bain Capital Ventures, the venture capital arm of Bain Capital, along with contributions from new investors such as Longworth Venture Partners and Boston Capital Ventures. As a result of the deal, Bain and Longworth will each receive a seat on the business software maker's board of directors. The round was completed in two tranches. Thor already received $9 million of the funding last month and has the option to draw on the remainder at any time before its next round of outside funding. The New York City based-company makes software that automates the process of granting and revoking user access to enterprise IT systems and resources.

Thor Technologies announced Monday that it has raised a $19 million second round of funding led by Bain Capital Ventures, the venture capital arm of Bain Capital, along with contributions from new investors such as Longworth Venture Partners and Boston Capital Ventures. As a result of the deal, Bain and Longworth will each receive a seat on the business software maker's board of directors.

The round was completed in two tranches. Thor already received $9 million of the funding last month and has the option to draw on the remainder at any time before its next round of outside funding. The New York City based-company makes software that automates the process of granting and revoking user access to enterprise IT systems and resources.