XML vendor Xyleme raises €11m in second round funding

XML vendor Xyleme raises €11m in second round funding

XML content technology and solutions provider Xyleme has secured a second round financing, worth €11 million, led by Deutsche Bank and original investors Société Générale Asset Management and Viventures. Crédit Mutuel du Nord is also participating.

The funding will allow Xyleme to expand its sales and marketing initiatives and extend its growth to new markets, starting with the UK and USA.

Xyleme, a spin-off of XML company INRIA, says it will target new market segments and develop its distribution channels. New products for the financial services industry will be released by the end of the year.

Regis Nacfaire, CEO, Xyleme, says: "This new round of financing will enable us to take the company to the next level by fuelling our growth towards additional geographical and vertical market segments."

Xyleme's core technology is a scalable native XML repository to store, classify, index, monitor and precision query millions of multi-sourced XML documents.

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