Most of the companies presenting today and tomorrow at the Demo 2007 conference are early stage stratups that have yet to raise venture capital. But a few, are a little further along. One of those is 6th Sense Analytics, which closed on Monday a $5 million first round of funding from Intersouth Partners and Core Capital.
6th Sense Analytics offers a hosted solution for organizations trying to gain better control over their software development initiatives. The software-as-a-service tracks the development process, helps developers keep to their schedule and provides real-time updates to all involved parties on an online dashboard. The idea is that the product can help companies release software on time and plan better for future development projects.
There's a clear value proposition here and the software could be applied to other verticals in the future. Watch my interview with 6th Sense Analytics CEO Gregory Burnell below:
Tags: 6sa, vc, venture+capital, demo2007, demo07, software
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