36 investors come through for Quarri Technologies' Series C round

Aug 13, 2014
Austin Business Journal

Quarri Technologies Inc., a security software maker, reported raising $697,169 of a planned $750,000 financing

The Austin-based company collected the capital from 36 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission

Quarri Technologies was founded in 2007 as Quaresso Software Technologies Inc. The company, which develops software designed to safeguard company data, employed 26 workers last year

It markets security products designed to prevent malware from infecting a browser and to protect existing data. They’ve been most popular with financial companies such as banks, energy companies, and those operating manufacturing and health care, CEO William Morrow said in November 2013

At that time, Quarri Technologies received $2.3 million as part of planned $3 million Series C round of funding the company planned to use to increase sales and marketing efforts globally. The financing, which was led by Austin-based Wild Basin Investments LLC, increased to $9 million the amount of investment capital Quarri Technologies had received since it was founded, Morrow said at the time

In October 2012, the company received a $1.2 million round of financing from a syndicate of investors that included the Houston Angel Network, Austin-based Daylight Partners and the Houston-based Texas Halo Fund

In 2010, Quaresso Software received $270,000 of a planned $500,000 round of financing from four investors, according to a filing with the U.S. Securities and Exchange Commission

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