Razorsight Corp. today said that Sierra Ventures has invested an additional $9 million in the company. This follows to an initial investment they made in the company two years ago. The proceeds will be used to expand Razorsight’s product set, accelerate the company’s international expansion, and to support strategic global alliances.
Steve Williams, managing partner at Sierra Ventures, said that the additional investment in the company is a result of Razorsight’s rapid growth on a global scale. Razorsight’s Software as a Service (SaaS) and web-based Automated Invoice Management (AIM) platforms are used by industry leaders such as Verizon, Time Warner and Comcast, as well as by small and medium sized carriers such as Neutral Tandem and Globalcom to audit and analyze more than $50 billion in annual spend.
