Monday, August 28, 2006

Mitrix Raises $10M

Irvine-based Mitrix has raised $10M in a Series A investment round for its supply chain management solutions. Funding came from CMEA Ventures, and also included participation by Logispring. The funding will be used for the company's product development and support organization. As part of the funding, Jim Watson of CMEA will join the firm's board. Mitrix is a wholly owned subsidiary of Mitsui & Co. More information »