Tuesday, March 07, 2006

UpdateLogice Raises $4M in Second Round - Hopkinton, MA

In its second round of venture capital, UpdateLogic, a Hopkinton-based provider of automatic software update technology for the consumer electronics market, has raised $4 million from Core Capital Partners. UpdateLogic said that it will use the venture capital to fund its official launch and the North American release of its flagship product, UpdateTV, a network technology that allows digital TV manufacturers to automatically distribute patches and upgrades directly to consumer devices. Founded in 2003, UpdateLogic raised its initial seed and venture capital from the Launchpad Venture Group and various individual investors. The company's customers include Hitachi, Mitsubishi, Panasonic, Samsung, Sharp and Sony.



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