Kozio Closes Oversubscribed Series A Funding For Market Expansion
Plans include expansion of Marketing and Engineering to address a rapidly growing market
Longmont, CO (PRWEB) May 22, 2009 -- Kozio®, Inc. (www.kozio.com), the leading provider of configurable embedded in-circuit board diagnostics and functional test software, announced today that the company has closed an oversubscribed round of Series A financing, led by Boulder, Colorado-based Boulder Angels.
The company has previously raised private funds for startup expenses and continues to expand, funding its growth through successful sales of its solutions to over 50 customers, many of whom are Fortune 500 companies increasing their use of Kozio software through repeat orders.
The Series A funding will allow the company to dramatically broaden the availability of the unique benefits of its products: kDiagnostics®, ValidationAssistant™, SequenceRunner™, SequenceReporter™ and kPOST™ along with adding support for an expanded family of embedded processors.
"Kozio is extremely pleased to be on the roster of the Boulder Angels," said Joe Skazinski, President of Kozio. "Their vote of confidence in Kozio will provide the needed capital to accelerate our business and provide product to a much wider range of customers."
About Kozio, Inc
Kozio is the technology leader for embedded in-circuit test and diagnostics. Kozio provides fully integrated test management software for design validation, test and debug of 32-bit embedded systems. Kozio is used and trusted by companies such as General Electric, Harris, Honeywell, HP, Motorola, Polycom, Perceptron, Raytheon, Scientific Atlantic, Thomson and many others. Kozio products are used globally in most industries developing and/or manufacturing electronic products. Our royalty-free kDiagnostics and kPOST applications offer a complete solution that addresses the need for better test coverage at a significantly reduced cost. ValidationAssistant™, SequenceRunner™, SequenceReporter™, and offer interactive troubleshooting, one-button testing and report generation for at-speed circuit board test. Kozio is headquartered in Longmont, CO.
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