SIPX, Inc., a Palo Alto, CA-based provider of an end-to-end digital copyright management service for higher education, raised $4.0m in Series B financing.
The round was led by Mohr Davidow, with participation from XSeed Capital, Stanford University, Ulu Ventures and other angels. In conjunction with the funding, Jon Feiber, General Partner of Mohr Davidow, joined SIPX’ Board of Directors.
The company intends to use the new funding to broaden its ability to bring on new customers and integrate a larger amount of content to its service platform.
Spun out of Stanford University in September 2012 and led by Bob Weinschenk, Chief Executive Officer, Developed at Stanford University, SIPX is a new web-based technology created to offer a wide range of content options, manage copyrights and deliver digital documents for the higher-education marketplace.
Customers include State University of New York (SUNY) Empire State College and California State University Northridge and providers of content such as Elsevier, The Perseus Book Group and Georgetown University Press.