Crosscode, a software development company that focuses on helping companies manage their software assets, announced Tuesday that it had closed on a $9.25 million round of funding.
Maple Grove-based Crosscode said in a release that it intends to use the funds to continue developing its Panoptics platform, a software-mapping system that gives customers a window on their digital environments. The tool can map out the entire application environment of a company, giving the business the power to change intricate parts of the process that are usually adjusted manually.
"We are gratified by the investor confidence in our mission," Crosscode CEO Aditya Sharma said in a statement. "We look forward to using this capital to develop our business and the Panoptics platform, and provide exceptional value to our customers, whether their needs lie in change management or cybersecurity."
El Segundo, Calif.-based Liquid Venture Partners led the Series A round. In addition to improving the platform, the financing will support the company's endeavor to double or triple the size of the company.
Crosscode currently has about 35 employees and a dozen customers, each of which is a Fortune 100 company. The business was founded in 2015.
