Newton startup Intigua announced Thursday it has raised a $10 million Series B round led by new investor Intel Capital. Also taking part in the round were existing investors Cedar Fund and Bessemer Venture Partners. This brings the company's capital raised to over $21 million.
Founded in 2010, Intigua enables “virtual” IT systems that are defined by software as opposed to the location of computers with certain IT management tools, like those from Amazon and Microsoft. As a result, the startup makes it more efficient and cheaper for firms to virtualize basic IT operations.
The new funding will be put toward building sales, marketing and product development.
Though Intigua didn’t disclose its specific customers, its service is intended to support some of the biggest international companies. According to the startup’s CEO Shimon Hason, Intigua already calls a Fortune 500 tech company and one of the 10 largest global banks clients.
The firm currently has 40 employees, with 10 based in the Bay State.
