Full Capture Solutions, Inc. Secures $7 Million in Series B Funding; Rapid Product and Market Expansion Slated to Commence.EAST HARTFORD East Hartford, urban town (1990 pop. 50,452), Hartford co., central Conn., on the Connecticut River opposite Hartford; settled c.1640, inc. 1783. East Hartford is a trucking and warehousing center, with bulk oil storage and distribution. , Conn. -- Full Capture Solutions, Inc., a provider of predictive, analytic-driven solutions for the insurance industry, has secured $7 million in a Series B financing round. Greylock Partners, one of the world's leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , led the round, with existing investor Ignition ignition, apparatus for igniting a combustible mixture. The German engineer Nikolaus A. Otto, in his first gas engine, used flame ignition; another method was heating a metal tube to incandescence. Partners also participating. "With our first round of funding from Ignition Partners, we demonstrated the appeal of our 'software as a service' model to capture hidden value locked in insurance companies' data and to achieve enterprise cost reduction," said Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and Holcomb, Full Capture Solutions President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We've also built a strong executive team with extensive domain expertise in insurance and technology. This new round of funding will be used for rapid product and market expansion, along with sales and marketing investments." Full Capture Solutions' business model is a capital efficient, vertical market opportunity that enables insurance companies to realize tangible bottom-line results. Full Capture's ability to read and analyze structured data and unstructured text unleashes the power in insurance data, converting it into a valuable business asset. Carriers are freed from the constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. of their older legacy systems through a pay-as-you-go subscription service that produces immediate returns with no investment in software or infrastructure. "Our goal is to partner with management in building companies that have the potential to become industry leaders," said Bill Kaiser, a Partner at Greylock Partners. "We believe we have found that emerging industry leader in Full Capture Solutions." Kaiser will join Full Capture Solutions' Board of Directors in conjunction with the financing. About Full Capture Solutions Full Capture is a privately-held, venture-backed corporation headquartered in East Hartford, Connecticut East Hartford (41n47, 72w37 EST) is a town in Hartford County, Connecticut, United States. The population was 49,575 at the 2000 census. The Indians knew East Hartford as Podunk. . Full Capture capitalizes on advanced business intelligence and data mastery capabilities to provide predictive, analytics-driven solutions that are focused on high-impact, high-financial-return segments of insurance companies. "Full Capture Solutions," the Full Capture Solutions logo, and "Recognize. Route. Resolve." are service marks of Full Capture Solutions, Inc. For more information about Full Capture Solutions, visit our website at www.fullcapture.com or contact us via email at info@fullcapture.com. |
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