Electron Database Company, a Richfield, Ohio-based developer of a database software aimed to improve the performance of enterprise applications, data warehouses and cloud computing infrastructures, has received a $250,000 investment from JumpStart Inc.
In addition, the company received a $1m grant from the Infocomm Development Authority of Singapore.
The funds will be used to further develop the software and establish strategic partnerships.
As stated by Gokul Soma, VP, Product Development of the company, “Because of the support we have received from JumpStart and our international partners, we are already collaborating with IT’s most important players”.
Commenting on the investment, JumpStart Venture Partner, Ted Frank, was reported as saying: “Electron Database’s software will produce a very compelling reason to adopt these technologies and help manufacturers capitalize on their multi-billion dollar investments”.
FinSMEs
08/12/2009