DigiMine takes $2.9 million credit facility from Comerica

Bellevue-based analytics and data mining company digiMine Inc. has received a $2.9 million credit facility from Comerica Inc.’s technology and life sciences division, the companies said Monday. Terms were not disclosed, nor was the use for the money.

DigiMine said on May 13 it had closed a $20.3 million funding round led by Mohr, Davidow Ventures, bringing its funding at that point to $45.8 million.

DigiMine, which helps companies analyze data they have gathered on their customers, was founded in March 2000 by former Microsoft Corp. executives Usama Fayyad, Bassel Ojjeh and Nick Besbeas.

The company said the third round of funding that closed in May would be its last, as it anticipates profitability next year.

Source: Puget Sound Business Journal / PDF

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