Innography, an Austin, Texas-based software provider of better intellectual property answers for improved business results, completed a $7m funding.
A $3.5m equity round, raised between July 2013 and January 2014, was led by current investors Austin Ventures and Covera Ventures, as well as an investment group led by Dr. Charles Stryker, an Innography board member.
The company, which also secured a $3.5m line of credit from Comerica Inc., intends to use the funds to accelerate growth initiatives, further product innovations and additional data sources.
Founded in 2007 and led by John F. Martin, chairman and CEO, Innography provides proprietary software suite that combines correlation and visualization technologies to enable users to gain insights for managing, extending and exploiting their patent portfolios. Innography is the world’s premier Intellectual Property Business Intelligence (IPBI) provider.