Thursday, January 10, 2008

Multistat Raises Angel Funding

San Clemente-based Multistat said today that the firm has completed a Series A funding from angel group the Tech Coast Angels. Amount of the funding was not disclosed. Multistat said the funding will go to fuel the company's growth, and for sales and marketing. Multistat is developing computer aided design software. The Tech Coast Angels are represented on the firm's board by Dr. Douglas Giese and John Harbison, along with CEO Ralph Mayer, who is also a TCA member. More information »