Local Tech Wire

DURHAM, N.C. – A Delaware startup focused on technology related to infrastructure-as-a-service technology is now based in Durham after securing $3 million in venture funding.

led the round of investment in 6fusion. It’s the first institutional funding for the company.

As part of the deal, will be based temporarily at Intersouth’s headquarters in the American Tobacco Historic District in Durham.

Intersouth’s Katrin Burt and Mitch Mumma join the 6fusion board as part of the deal.

6fusion plans to use the funding for expansion of its management team and further research and development.

“6fusion is growing at a fierce pace,” said John Cowan, co-founder and CEO of 6fusion, in a statement. “Intersouth is an important part of our future and will be a crucial partner in helping to enable our success in what has become a quickly evolving industry.”

The company’s technology focuses on an algorithm designed to help customers manage the metering, consumption and billing of IT services such as in “cloud computing.”

Cloud computing enables firms to utilize servers, bandwidth and other IT services on demand rather than having to purchase hardware and broadband.

“IT managers and service providers are seeking an efficient and simple cloud strategy – one that can allow for the scaling up and down of cloud resources while maximizing [return on investment],” Burt, a partner at Intersouth, said. “6fusion allows partners and customers to access their resources and manage them from anywhere in the world in a seamless, unified fashion.”

6fusion calls its technology the “Workload Allocation Cube.”

It also has developed a user interface for customer monitoring and resource allocation called UC6.

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