Palamida Closes New Round

Palamida just announced that it has closed a new round.

Palamida, a provider of software intellectual property (IP) management and compliance products and services, today announced that it has raised $8 million in its second round of venture capital financing. The Series B funding, which was led by Mitsui & Co. Venture Partners, includes Series A investors Hummer Winblad Venture Partners and WaldenVC.

"The international reach and reputation that Mitsui & Co. Venture Partners brings to Palamida will be invaluable as we expand worldwide, and we are very pleased that they are joining our existing investors," said Mark Tolliver, Palamida CEO. "The world of software development has changed, and today's software projects contain contributions from many sources, including open source. This 'mixed code' model demands increased attention to issues of intellectual property integrity, security and governance, and has created an exciting opportunity to help our customers ensure that their software assets are visible, traceable and manageable."