Terascala scores additional financing

Terascala said Tuesday that it has closed additional undisclosed funding from a round led by Ascent Venture Partners, Harborlight Capital Partners, and Thomas Weisel Partners. Also, the company also inked an agreement to receive "significant" financing from San Jose, Calif-based Bridge Bank. According to details of the financing package, Terascala has secured two lines of working capital as well as an additional asset-based lending facility. Financial terms were not disclosed. Headquartered in Avon, Mass, Terascala is a provider of fast data solutions.

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