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Mark Logic Secures $12.5 Million in Additional Funding

The capital will be used to fund the company's continued growth in sales channels

Mark Logic Corporation has announced that it has closed a $12.5 million round of financing, led by Sequoia Capital and including participation from Tenaya Capital.

The capital will be used to fund the company's continued growth in sales channels, international expansion, and new vertical market development. Mark Logic operates in both North America and Europe and has over 150 customers, 120 employees, and 60 partners. Over 450 people attended the company's annual user conference held recently in San Francisco.

"Mark Logic is a strong company, poised for continued growth," said Mark Kvamme, partner at Sequoia Capital. "Mark Logic's combination of unique technology, an exceptional team, and a disciplined go-to market strategy creates the opportunity for it to be a break-out company in the information technology space."

"I am happy to have this opportunity to put additional fuel in the tank to help sustain our high rate of growth," said Dave Kellogg, chief executive officer of Mark Logic Corporation. "We're thrilled to be a leader in the unstructured data management revolution, and look forward to a bright future helping organizations unlock the value that's currently trapped in the 80 percent of enterprise information that is not well handled by traditional systems."

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