Trovix raises $13 million in series B Financing

New Round to Fuel New Product Development and Further Market Expansion

Trovix Inc., a provider of intelligent search technology, today announced that it has raised $13 million in its Series B financing. The financing was led by Granite Ventures, a leading early-stage technology venture capital firm based in San Francisco, and also included participation from Trovixís existing investors, U.S. Venture Partners (USVP) and 3i.

ìTrovixís intelligent search technology is best in class and has the potential to redefine the $35 billion recruiting industry,î said Standish OíGrady, Managing Director and Co-Founder of Granite Ventures. ìThe rapid adoption of Trovix Recruit by industry leading organizations like Palm is a testament to its ability to quickly match the most qualified candidates to open positions.î

Trovix will leverage the infusion of capital to boost new product development and market expansion efforts. With the close of this round, Trovix has raised $18.25 million since inception. The companyís initial funding of $5.25 million was announced in December 2005. Since the companyís official launch in December, Trovix has signed many notable clients including Stanford University, Palm, Juniper Networks, Sanmina-SCI, and VMware.

ìThe marketplace for employment is inefficient, and anyone whoís looked for a job or tried to hire someone knows how much time you spend looking at job listings or resumes that just donít fit,î said Jeff Benrey, CEO and Founder of Trovix. ìWeíve developed technology that solves this problem, and our clients use this to identify and hire the best candidates in their applicant pool. With our investorsí backing, weíre developing intelligent search technology that will significantly improve the way companies go about identifying and recruiting the best talent available.î