Austin remote networking company raises $2.4M

Feb 17, 2014
Austin Business Journal

Uplogix Inc. reported raising $2.4 million of a planned $2.7 million financing


The Austin-based company collected the capital from four investors. It sold $2.1 million in promissory notes and $295,000 in Series F warrants, according to a Feb. 10 filing with the U.S. Securities and Exchange Commission


Uplogix, which was founded in 2003, develops remote network management applications


The financing is the latest in a series of capital raises the company has reported to federal regulators in recent years


In late 2011, Uplogix reported receiving $4.2 million of a planned $4.3 million financing from 22 investors. Earlier in the year, it reported a $1.2 million financing from three investors and a $1.2 million debt financing from three investors


Investors have included Citigroup Inc., Pennsylvania-based Adams Capital Management and Houston-based Fayez Sarofim & Co.


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