A technology company recently secured a new round of funding and the appointment of a Chief Operating officer, according to an announcement by the firm.
DevonWay, which specializes in providing cloud computing technology to the nuclear power sector, said that it had received new funding from Crosslink Capital, a venture capital company based in San Fransisco. The firm said it would use the money to increase the pace of innovation.
"Our technology, our proven capability to configure and deploy solutions rapidly, and our unique ability to continuously improve our applications and grow with our customers are the reasons we are becoming the vendor of choice in the nuclear industry," said Robert W. Felton, DevonWay founder, president and CEO. "We are enabling the industry to achieve new levels of excellence and regulatory compliance at by far the lowest total cost of ownership."
Other companies have been at the receiving end of investments from venture capital firms. LS9 announced that it had gotten $30 million in funding from BlackRock, one of the largest VCs in the country.
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