Astoria Software Inc, which offers packaged software for managing the authoring, review and publishing of complex, structured product content such as documentation, has an additional $3.4 million in funding. This is on top of the $11.4 million it raised in April this year.
Prism Venture Partners has now become the company’s largest investor, and joins existing investors Blueprint Ventures and affiliates of Goldman Sachs, APV Technology Partners, Ticonderoga Capital, Crystal Ventures and Solstice Capital.
According to the company, the investment round was opened to Prism to further monetize the immense global market opportunity.
Using a concept originally developed at Xerox, the San Mateo, California-based company’s software automates the authoring, publishing and updating of documents that have long lifecycles. The company is preparing for major product releases later this year.
Last week, the company announced five new key executive additions to bolster its sales and professional services expertise. The new hires include Jay Di Silvestri as VP of professional services; Bernard Winston as sales director; R. Mark Hopkins as senior director, federal sales; Rhonda Wainwright as director of aerospace system sales, and Bill Gamboa as senior support engineer.