A fledgling company whose software helps businesses monitor and analyze their cloud computing needs and costs is moving to the Triangle and expects to hire about 16 new employees.
6fusion announced Monday that it has raised $3 million in venture capital funding led by Intersouth Partners, the Triangle's oldest and largest venture capital firm. In conjunction with the funding - 6fusion's first round of venture capital - the company has decided to establish its headquarters in the Triangle.
"One of the primary reasons is the wealth of [information technology] talent here," said John Cowan, 6fusion's co-founder and CEO. "We listened to pitches from Silicon Valley, Boston, Texas and as far away as Ottawa, Canada."
Founded in January 2008, the nine-employee company has operated until now as a virtual business with employees working from home offices, Cowan said. 6fusion hasn't yet decided how much space it needs and is temporarily operating out of Intersouth's offices in Durham.
The company previously outsourced its software development work, but its new funding will enable it to bring that work in-house. The company expects to employ as many as 25 people in the next six to 10 months, Cowan said.
Staff writer David Ranii