$5 Million for Inmagic

Woburn, MA-based Inmagic, which makes softwares that companies used to manage online and offline libraries, announced it had received a $5 million investment from New Jersey-based Edison Venture Fund. The deal is not your typical startup financing–Inmagic was founded in 1982 by an expert in library scientist and a technologist from MIT.

Author: Rebecca Zacks

Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.