Mercato Backs Ephesoft With $15M Funding

Salt Lake City-based Mercato Partners, the venture capital investment firm led by Greg Warnock, has made another big investment, this time in software developer Ephesoft. According to Ephesoft, it raised $15M in a series A funding, which came entirely from Mercato Partners. Mercato's Joe Kaiser has joined Ephesoft's board with the funding. Ephesoft develops machine learning software which is used to capture, extract, and analyze unstructured content from financial, federal, insurance, mortgage, and healthcare documents, and is based in Laguna Hills, California. More information »