Tech Company Financing Transactions
RiverGlass Funding Round
RiverGlass, operating out of Champaign, secured $4 million in investment from Illinois Finance Authority, IllinoisVENTURES and RPM Ventures.
Transaction Overview
Company Name
Announced On
2/9/2007
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series B
Investors
Proceeds Purpose
CEO Kirk Dauksavage said he expects the new money to be used largely for marketing and product development.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
2001 South 1st St. 201
Champaign, IL 61820
USA
Champaign, IL 61820
USA
Phone
Website
Email Address
Overview
RiverGlass formed in December 2003, when Michael Welge, head of NCSA's Automated Learning Group, worked to transform the D2K software environment into a commercial venture. The goal was to offer streaming data analytics solutions to help organizations gather, organize, merge and analyze data streams from disparate sources, including unstructured textual and visual data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kirk Dauksavage
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Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. All VC database entries reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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