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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

March 9, 2011 at 10:29 AM

Seattle’s Tier 3 raises $8.5 million from Ignition, Madrona

Tier 3, a 5-year-old Seattle enterprise software company, today announced its first round of venture funding.

The company is taking $8.5 million from Ignition Capital and Madrona Venture Group, and adding Ignition’s John Connors and Madrona’s Matt McIlwain to its board.

Tier 3 has about 100 customers in the consulting, online commerce, discovery and software-as-a-service industries, including Microsoft and Slalom Consulting.

Chief Executive Adam Wray said in the release that the company’s “uniquely positioned to capitalize on the migration of traditional IT and data center services to the cloud by providing standards based, optimized infrastructure for running mission-critical applications over IP.”

Comments | More in | Topics: Enterprise, Startups, VC

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