Trigo Technologies Secures $12 Million in Funding

Sep 30, 2003

Trigo Technologies, Inc., a provider of product information management software, has announced the completion of a $12 million Series C round of expansion financing led by Pequot Ventures. Pequot Ventures, the direct investment arm of Pequot Capital Management, Inc., joins Trigo's investor lineup that includes Bessemer Venture Partners, Globespan Capital Partners, Mayfield, and Symphony Technology Group. All prior venture investors joined Pequot Ventures in the Series C round. In addition, Deborah Bernstein, a senior vice president at Pequot, has joined Trigo's board of directors. Trigo will use the proceeds of the funding to meet demand for its products and services. Already cash flow positive and profitable, Trigo plans to accelerate the development of new products and expand its sales, marketing, development, and alliances organizations.

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