Piano Software Raises $22 Million in Series B Round to Fund Growth
Company will use the funding for R&D, client services and possibly acquisitions.
Last week, Piano Software, Inc., a content monetization platform for digital media companies, announced it has raised $22 million in Series B funding. The funding round was led by Updata Partners, an investment firm that provides growth capital to software and software-enabled companies. The infusion of capital will be used to support Piano’s growth, specifically in research and development and client services and to expand into new markets. It may also be used for acquisitions, said Piano in a January 10 blog post.
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