New money.Accruent Inc. of Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , a contract management software company, has received a $12 million round of venture capital funding led by Granite granite, coarse-grained igneous rock of even texture and light color, composed chiefly of quartz and feldspars. It usually contains small quantities of mica or hornblende, and minor accessory minerals may be present. Global Ventures of Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. . Earlier investors also contributed to the latest round. They include Sierra Ventures, Pequot Venture Partners, Innocal Venture Capital, Red Rock Ventures, Constellation Constellation, ship Constellation (kŏnstĭlā`shən), U.S. frigate, launched in 1797. It was named by President Washington for the constellation of 15 stars in the U.S. flag of that time. Real Technologies and Peninsula Equity Partners. In all, Accruent has raised more than $35 million in capital since its inception in 1995. The funds will be used for product development, sales and marketing as well as possible acquisitions, the company said in a press release. |
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