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Prospx Gets $6.5M

Austin-based ProspX, which develops applications for the commercial insurance industry, announced today that it has raised $6.5M in a Series A. According to the firm, the round was led by Adams Capital Management. ProspX develops a software application designed to streamline commercial insurance processes, delivered as software-as-a-service. The firm said the funding will go to expand development and marketing of its products. More information »