Faction's $14 million financing tops recent funding news in Denver

Denver-based information services and IAAS company Faction has secured $14 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 3 and led by Dell Technologies Capital.

According to its Crunchbase profile, "Faction (formerly Peak), started in 2006 as an inspired, Cloud IAAS collective, populated by some of the most award-winning IT engineers and thought leaders in the cloud computing industry. Determined to revolutionize a smarter, uncompromised way for IT pros to reliably work in the cloud, Faction is gaining rapid momentum and attracting impressive numbers of progressive, forward-thinking customers and channel partners nationwide – all undeterred in their shared pursuit of extreme performance, deep control and broad customization."

The 13-year-old company has raised four previous funding rounds, including an $18 million Series B round in 2018.

The round brings total funding raised by Denver companies in software over the past month to $19 million. The local software industry has seen 54 funding rounds over the past year, raking in a total of $199 million in venture funding.

In other local funding news, developer tools company TrackVia announced a Series C funding round on April 11, financed by Primus Capital.

According to Crunchbase, "TrackVia is the No. 1 low-code application platform in the cloud. We empower businesses to rapidly deliver modern web and mobile applications with minimal hand coding and minimal investment in set-up, training and deployment. TrackVia bridges the technology gap between low-end spreadsheets, databases or simple SaaS software and heavy, complex enterprise systems."

Founded in 2006, the company has raised six previous rounds, including a $7.2 million debt financing round in 2016.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.