Tuesday, February 5, 2008

Liquid Machines locks up $10M in fourth funding

Liquid Machines Inc. has closed a Series D financing with $10 million from new and existing investors.

The funds will be used to scale the company's operations and begin international distribution of its enterprise rights management (ERM) products, officials said. RRE Ventures was the lead investor in the round, joined by existing investors Goldman, Sachs & Co., Atlas Venture, Masthead Ventures and Draper Fisher Jurvetson.

The latest round of funding raises the total invested in the Waltham-based company to $37 million, officials said.

As part of the funding round, RRE Ventures general partner Will Porteous plans to join Liquid Machines' board of directors.

Liquid Machines' enterprise resource management products are designed to prevent the misuse, modification, loss or theft of intellectual property and sensitive information.