Sunday, June 19, 2005

Syndera Secures $10M for Operational Intelligence Software

Syndera, a start-up based in Redwood City, California, raised $10 million in Series B financing for its Operational Intelligence software. Syndera provides real-time visibility and control of automated processes. The software has applications in the telecom, financial services, manufacturing and retail sectors.

The new funding was led by private investor Andy Ludwick, who was the co-founder of SynOptics Communications and the former CEO of Bay Networks. Ludwick has been a member of the Syndera Board of Directors since May 2003. Existing investors Clearstone Venture Partners and ONSET Ventures also participated pro-rata in this round of financing.

See also