Software maker Quarri Tech collects $2.3M funding

Nov 20, 2013
Austin Business Journal

Security software maker Quarri Technologies Inc. has received $2.3 million as part of planned $3 million Series C round of funding, according to the CEO


Executives at the Austin-based company said they plan to use the capital to increase sales and marketing efforts on a global basis. The financing was led by Austin-based Wild Basin Investments LLC. The remaining investment is expected to involve several angel investors


The financing round would increase to $9 million the amount of investment capital Quarri Technologies has received since it was founded, CEO William Morrow said


Quarri Technologies was founded in 2007 as Quaresso Software Technologies Inc. The company, which develops software designed to safeguard company data, employs 26 workers, he said


Quarri Technologies’ products have been most popular with financial companies such as banks, energy companies, and those operating manufacturing and health care, he said


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


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