Quoting from Statesman:
Austin-based Surgient Inc. has raised $20 million to accelerate its sales of software services in the United States and Europe. It also will need to buy more servers.
Surgient’s software-based services enable companies to use the Web to demonstrate products or provide customer training.
It has 65 customers, many of them software makers, and Surgient plans to expand its sales to other major companies in the United States and Europe.
Surgient expects to have about $20 million in revenue this year and to become self-sustaining by the second half of 2007…
Read the whole article at source.