Polarion Finds $10M For QA Software

San Francisco-based Polarion, a developer of software used for quality assurance and Application Lifecycle Management (ALM), said Thursday that it has raised $10M in a funding round. The Series A funding came from Siemens Venture Capital. Polarion said the first, outside investment in the company would go towards product development and support. Polarion is led by Frank Schroeder; the company said its software is being used in the automotive, medical device, electronic engineering, telecom, manufacturing, and aerospace industry. More information »