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Nimbix Nabs Series B Venture Capital Funding

Wednesday, October 14, 2015 5:45:00 AM PDT | VentureDeal
   Houston, Texas  --  IT company Nimbix has secured $2.5 million in equity venture capital, according to an SEC regulatory filing.

Nimbix provides a range of technologies to make "hardware accelerator-based platforms available to our customers for consumption and tackling the challenges of application and software development on heterogenous and hybrid platforms."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

$1.44 million of the $2.5 million amount represented the conversion of a note payable to equity.

The company is still seeking $900,000 in additional financing, according to the filing.

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