Uplogix Raises $10M Series C

Uplogix announced that they’ve raised a $10M Series C financing. The company provides secure remote management solutions. Investors include Citi, Adams Capital Management, and other private investors. “We believe Uplogix has found its place in the emerging remote management space and has proven this belief by growing its revenues, customer base and global footprint,” said Martin Neath, General Partner at Adams Capital Management. “Uplogix is based on a strong foundation of knowing what remote management problems occur within enterprise IT environments, and delivering against those challenges. They are an innovative company that is poised to capitalize on a rapidly growing market, and we are excited to further invest in their efforts and opportunity.”

Update: Apparently what makes this round of funding unique is that the company was not necessarily seeking another round of capital, but was approached by Citi, who is also a customer.

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