Follow The Money: 10 Recent Tech VC Investments In March

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Polarion Software

Headquarters: San Francisco

CEO:  Frank Schroeder
New Funding: $10 million
Round: A
Backers: Siemens Venture Capital

In its first round of outside funding for the company, Polarion has raised $10 million in Series A funding to help the company expand its product development for its enterprise-scale browser-based Application Lifecycle Management (ALM) solution. Polarion said its technology allows for traceability and transparency for essential software and process activities. It provides a "360-degree view" of the history, trends and challenges around a project, Polarion CEO Frank Schroeder said in a statement. The company will use its first round of funding to build out its product and expand its user base.

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