Artmachine Secures $2.5 Million in Second Round of Funding
Press release from the issuing company
Palo Alto, Calif.--September 18, 2001--Artmachine, Inc., provider of customized marketing resource management solutions that enhance productivity and dramatically speed time to market of client promotional efforts, announced that it has successfully closed a second round of financing of $2.5 million. With this second round, total investments in Artmachine now exceed $7.5 million. Artmachine’s original investors participated in this round, led by Silicon Valley‚s VantagePoint Venture Partners, and including Plum Holdings of New York.
“Artmachine has shown itself to be a must-have‚ solution at top companies like Wells Fargo Bank, PeopleSoft and Birkenstock,” said David Carlick of VantagePoint Venture Partners. „VantagePoint Venture Partners led this investment because we believe Artmachine delivers a much needed solution, and the company is poised to grow and succeed.”
“In evaluating investments, we are looking for companies that provide real value to customers, both in good economic times as well as difficult ones,” said Charles D. Peebler of Plum Holdings. “We believe that Artmachine meets those criteria and we are very pleased to make this additional investment in the company.”
This news is the latest in a series of positive Artmachine announcements during the past six months, including the release of a powerful new technology platform, an impressive return on investment study conducted by NextQuarter LLC, record growth for 2000/2001 and deployment of the Artmachine service at several major companies. In an uncertain technology market, Artmachine is a success story, proving that its technology and services are strong enough to survive the current market downturn.
“We are very gratified by the vote of confidence that this investment represents,” said Bret Waters, founder and CEO of Artmachine. “Our track record since our initial funding is strong, we continue to grow our high-profile customer base and we are very pleased that our investors continue to show us tremendous support and enthusiasm.”
The Artmachine Service
Artmachine provides enterprise-level managed services designed to improve the sales cycle and speed time to market. Specifically, Artmachine helps companies instantly move marketing and brand resources-digital files such as marketing collateral, press releases, print ads and video testimonials-to the customer-facing personnel that drive sales, within an organization and beyond. Artmachine achieves this through advanced technology that enables “no friction” brand messaging-brand materials can be accessed anytime, anywhere, in any format, via any Internet-enabled device.
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