Mach 1 Development Raises $1M

Austin-based Mach 1 Development, a developer of digital document tracking tools, said today that it has raised $1M in an equity funding round. THe funding came from a single, un-named angel investor form the digital security software industry. According to Mach 1, the new funding comes on top of an earlier, $500,000 it raised in an angel funding in February. Mach 1--which is headed by Paul Greene--said it will use the funding for its DocuTRACER software, a product which enables organizations to tag, track, and trace the real-time creation, movement, genealogy and chain-of-custody of digital documents. More information »