CADFORCE Raises $3.1M

Los Angeles-based CADFORCE has raised $3.1M in a Series B funding, the firm said Friday. The round was led by new investor Louisiana Ventures, LP, and included participation by existing investors Rincon Venture Partners and the Tech Coast Angels. According to the firm, the Series B round is open for another $1.4M in investment. CADFORCE said the funding will be used to sustain the growth of the firm's systems, personnel and infrastructure, including locations in Los Angeles and three facilities in India, where it employs 150 in Hyderabad and Kolkata. CADFORCE provides outsourcing for architectural services. More information »