Clarizen, a Hod Hasharon, Israel-based developer of work execution software, has closed a $12m venture capital financing.
The round, which brings the total amount the company has raised to date to over $36m, was led by Opus Capital Ventures, with participation from Benchmark Capital, Carmel Ventures and DAG Ventures.
In conjunction with the funding, Dan Avida, a general partner at Opus Capital, will join Clarizen’s board.
The company intends to use the funds to further develop the business expanding its product line, and sales and marketing efforts.
Founded in 2005 by CEO Avinoam Nowogrodski, Clarizen offers work execution software that is designed to streamline workflow processes and provide real-time cross-project intelligence. Customers include UPS, Autodesk, Anritsu, ESRI, Lenovo, and NBC Universal.
The company has U.S. headquarters in San Mateo, Calif.
FinSMEs
28/04/2011