CoreObjects Finds $8.5M

Los Angeles-based CoreObjects has raised $8.5M in an unannounced venture capital round. The funding was disclosed publicly in numbers released from PricewaterhouseCoopers in its quarterly venture capital report; however, the round was first disclosed in a regulatory filing in February. The round included involvement by Palomar Ventures. Girish Venkat, the firm's CEO, declined to discuss the funding with socalTECH earlier this month, saying that the planned to stay quiet for a few more months. CoreObject is a software developer that provides outsourced development of technology development for venture backed firms. More information »