Backtrace I/O reported raising $5.02 million via private placement

XDATA – October 13th 2015
Backtrace I/O successfully completed a $5.02 million non-brokered equity financing round. A total of eight investors started to subscribe to the round on September 28th. Until this disclosure Backtrace I/O had raised an estimated $1.22 million in unregistered securities via one previous financing round.
Backtrace I/O develops a powerful and scalable fault analysis and debugging platform. The application takes a snapshot of the process and the surrounding environment at blazing speeds, analyzes it and archives it in a centralized object store to enable faster debugging. Financial backers include Tribeca Venture Partners.
Abel Mathew (CEO) leads the New York NY based company which was registered in 2014. Backtrace I/O elected to keep its revenues undisclosed.
The executive team includes Abel Punnittethu Mathew and Samy Al Bahra.
The board of directors includes Charles Beeler and Sunil Dhaliwal.

The company has raised an estimated total of $6.24 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Backtrace I/O
Industry: Other
Amount offered: $5.02 million
Amount placed: $5.02 million
SEC filing: Source
First sale: 09-28-2015
Data as of: 10-08-2015

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