Terracotta announced it has closed a $10 million round of venture financing. In this latest round, DAG Ventures made its initial investment in Terracotta, and was joined by existing investors Accel Partners, Benchmark Capital, and Goldman Sachs. This latest investment from top tier investment firms highlights an enormously successful 12 months since Terracotta launched its open source business and product strategy. Terracotta will use the funds to expand its operations to meet the needs of its rapidly growing customer base and to broaden its reach and impact in new markets. |